fractal_trader
Short

VW Accumulating before Making new Lows

CHXEUR:VOWD   VOLKSWAGEN AG
VW is far from its ATH             . Since mid 2015 the stock has entered into a downwards spiral, yet another one, after an insane drop in 2009. Currently price is correcting, but just waiting to break through the marked fractal support and possibly establish new lows. The time between 2009 and 2015 was not full of upside momentum taking prices significantly higher. It seems it was nothing more than a small breather that won't last. Let's see if that holds true and VW will go as low as it's been in 2010.
Comment: Keeps staying inside the balance zone. Keep Pending Sell in place, can still drop and hit the breakout sell.
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