Nestle on the way down
Hey guys, let's take a look at the Nestle shares.
As we can clearly see here, the nestle stocks have
after the all-time highs, started to correct.
With a VERY neat bearish sequence the up to
Target level correlated. The market gave us 7 times
the chance to enter (m30). In ABC correction forms
even a second sequence, which is also processed.
At the target level on the 50s, the market reacted PERFECTLY,
with just 7 pips drowdown and rose to the retail level.
Here we expect the markets to continue their way to the correction level.
Note: my analyzes do not constitute an investment recommendation!
System learned from Stefan Kassing
As we can clearly see here, the nestle stocks have
after the all-time highs, started to correct.
With a VERY neat bearish sequence the up to
Target level correlated. The market gave us 7 times
the chance to enter (m30). In ABC correction forms
even a second sequence, which is also processed.
At the target level on the 50s, the market reacted PERFECTLY,
with just 7 pips drowdown and rose to the retail level.
Here we expect the markets to continue their way to the correction level.
Note: my analyzes do not constitute an investment recommendation!
System learned from Stefan Kassing
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.