🔜 bullish move ahead!

p4917 Updated   
  • The 50 % retracement of the correction from the bullish movement from the high last April was reached. It's a healthy correction so far.
  • We're above the EMA 17 and SMA 30 and 50 on a daily basis.
  • An inverse shoulder-head-shoulder-formation has been built and already broken.
  • As we have cut through the SMA 200 (red) without any major resistance the last time(s), we could consider it not a significant resistance when moving upwards.
  • We've got a bullish seasonal pattern in HEI over the last 15 years considering Seasonality. 80 % win rate in the date range from the 24th of February until the 9th of May.


So I'm bullishly invested.
Trade active:
BTW on the weekly timeframe it looks like a bullish broadening wedge pattern ->
Trade closed manually:
In the meantime, WAR started. Or at least the market believes that war has begun. So the construction industry is a bad investment when facing a war situation, and therefore the market has dumped HeidelbergCement very hard.

After the war, it'll be one of these industry sectors that will rise very high, but fear and uncertainty are dominating the market now.

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