BASF - MY ASSUMPTION:WOLFE WAVE, SUPPORT, SHORT->LONG,DIVERGENCE
HI BIG PLAYERS,
on this BASF chart I want present you my assumption for a developing Wolfe Wave pattern.
Currently BASF is fighting against court decisions. This is why I think, the next 3 months it will be a shortsetup. After this, BASF will touch the support line. It is close to develop a bullish Wolfe Wave pattern and start a huge rising up movement.
Furthermore, I guess that the reason for the ascent will be the the development of a remedy against the Corona Virus. In the last published WHO meeting it was talked that a remedy will be developed in 3-5 months. This would make my prediction possible, because the touching of the support line and the Wolfe Wave pattern would be final in 3-5 months.
In addition, the RSI is building a divergence to the price.
Kind regards
NXT2017
on this BASF chart I want present you my assumption for a developing Wolfe Wave pattern.
Currently BASF is fighting against court decisions. This is why I think, the next 3 months it will be a shortsetup. After this, BASF will touch the support line. It is close to develop a bullish Wolfe Wave pattern and start a huge rising up movement.
Furthermore, I guess that the reason for the ascent will be the the development of a remedy against the Corona Virus. In the last published WHO meeting it was talked that a remedy will be developed in 3-5 months. This would make my prediction possible, because the touching of the support line and the Wolfe Wave pattern would be final in 3-5 months.
In addition, the RSI is building a divergence to the price.
Kind regards
NXT2017
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💥 Impulse Scalper: nxt2017.com/im
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Discount Coupon:
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