Hello everyone, this is my first public TA so show me some constructive critisicm or support if you liked it.
I suspect a H&S retested the resistance / neckline today and got rejected... probably a good entry for a short now. The price is also being rejected by the resistance line that used to support the overlying downtrend.
Fundamentals also strongly suggest a move downwards, since interest rates in the US, Germany's main trade partner are rising and there is a trade war going on. On top of that, many car manufacturers, such as Volkswagen and Audi are struggling.
I suspect a H&S retested the resistance / neckline today and got rejected... probably a good entry for a short now. The price is also being rejected by the resistance line that used to support the overlying downtrend.
Fundamentals also strongly suggest a move downwards, since interest rates in the US, Germany's main trade partner are rising and there is a trade war going on. On top of that, many car manufacturers, such as Volkswagen and Audi are struggling.
Comment:
this is going really well so far, put my stop losses above the falling window now. :)
