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The price cannot go below 52.20€. If the price goes below, the forming head and shoulders pattern fails. If the price bounces and goes to the point A, breaks the neckline, then we can see a upside trend inversion. What do you think about?
there 's high probability that the price will go to 68.73 as TP 1
Chart Analysis Let's have a look at MIL:BAY , the famous Monsanto buyer. Last weeks candle managed to close inside the long term uptrend channel and if we look at the monthly chart we can see a strong green confirmation candle forming. Of course we have still 5 trading days for this month, but maybe it works out. then it confir...
W1 - Double cycle down, false breaks with bullish divergence. D1 - Inverted head and shoulders pattern, price broke above the neckline, bullish divergence. Any pullback is an opportunity to look for buys with more bullish evidences.
Bayer is a descending Triangle Chart Pattern Strong support level has been re-tested several times Continually lower highs puts pressure on this support level Best patterns have dropping volume and volatility/ATR Fewer traders are interested in this consolidatation At some point expect an explosive breakout Trade Plan Wait for a close below the support level Full...
W1 - Double wave down, Price moving higher after reaching critical zone. Bullish divergence formed. D1 - Special cycle completed, we may expect the price to reach 50% retrace. H4 - False break on the bottom and also a false break on the top with convergence. Possible push to upside or at least in a corrective range. As long as the low at 102.11 holds, we can...
H4 - We have a classical scenario divergence followed by convergence. We saw two waves up already. Breakout of the range that formed after the first bullish leg. Price is now consolidating and divergence has started forming. H1 - There is a down trend line to follow There is already continuing divergence forming. I expect the price to find a bottom around 108.85...