Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Overnext month i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
ending correction at fib prz (50-61.8 ) ...
breakout of descending trend line...
pull back to tl...
buy after bullish candle in the lower time frame as daily
Longing this with btc at 1broker. I think a tight stop here is good for good R/R. Could break out this bounce, maybe next. Stop below monthly pivot & the support level there, several targets marked based on pivots closest to triangle scaling, flag scaling, and wedge scaling.
www.reuters.com
FRA:BMW BMW (BMWG.DE) on Friday recalled about 110,000 cars in Japan over potentially faulty air bag inflators made by Takata Corp (7312.T), as part of the auto industry's largest ever global recall.
BMW has formed a double bottom as shown on the weekly chart along with a decreasing volume which suggests a lack of selling pressure. We are now waiting for a confirmation signal from the RSI to break through its trendline before opening a position on this stock. We expect price to test the upper trendline of the triangle before breaking through should the UK...
on the large scale theres a funnel formation indicating a rise. since 2016 this pattern also looks to me like it could be a buy option until around 97.50 (786 on fibs) to do this it will firstly need to break the downward trend resistance line.
