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TheSnowballEffect

BMW at key level of support, Looking for a bounce

Long
BAY.MOTOREN WERKE AG ST (XETR:BMW)  
TheSnowballEffect Updated   
XETR:BMW   BAY.MOTOREN WERKE AG ST
Trend Analysis BMW bmwlong
3
0
trendanalysis bmw bmwlong
bounce trade:
- Overextension to the downside
- touching key support level from strong trendline
Comment:
On the 15 min chart, we can see a triangle forming. if it breaks up, then the trade has a confirmed entry:
snapshot
Comment:
break and retest to the downside! short entry:
snapshot
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