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Aug 5, 2023 12:38 PM

Continental CON Long term bullish cycle Long

CONTINENTAL AG O.N.XETR

Description

Our probability indicator has observed Long Term BOS (Break-of-Structure) on Daily TF.

Essentially what that means is that we closing in on bearish cycle for XETR:CON and new bullish leg is forming for longterm continuation of new bullish cycle.

We expect further bearish correction to 68.30 - 64.80 zone ( Current Inverse H&S pattern support zone ) where conditions for perfect LONG entry occur.


Take-Profit should be set within High resistance zone 114.50 - 139.30
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