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BAYER AG NA O.N.
Updated

Danger!?

194
Bayer is forming a bearish pattern, a H&S! Breaking the neckline could be a nice procyclical entry (stoppsell), the sl should be placed near above the right shoulder...after the breakout the sl should be adjusted near the entry ~ a bit above the neckline.
Trading above the possible ricght shoulder will brighten the Chart.
Note
Bayer decided not to trigegr the H&S...no, it could beat it`s thought right shoulder and now we see the buying wave snapshot
Note
snapshot nearly reached tp, now we saw a tough sellingwave...the rsi is now in the buying area! snapshot
The_Cannalyst
Head and Shoulders

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Head and Shoulders
The_Cannalyst

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.