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BAYN: Long (end of cycle + support)Hello everyone!!! Bayer AG at the channel support. There is hope for the end of the bearish trend that began in 2015. Additionally, according to the cyclical analysis, we can see the completion of a cycle of 1610 days (or 230 weeks, or 4.5 years). The cycle was repeated 7 times: of which 5 times there was an increase in the share price and 2 times - a fall. Therefore, this time too, we can expect the price to rise at least to the slope and horizontal resistance lines - about € 79 or 70% = take profit. My stop loss is set at € 42.610 (about -12% and 3% below the last local low). As for the indicators, the background is bullish. However, there was a huge bullish gap in 1996 and it has not been closed until now .... I plan to increase my position using the pyramiding method. Not a recommendation, not advice. I wish everyone a lot of profit !! PS Bayer AG - is a German multinational pharmaceutical and life sciences company and one of the largest pharmaceutical companies in the world. Headquartered in Leverkusen, Bayer's areas of business include human and veterinary pharmaceuticals; consumer healthcare products; agricultural chemicals, seeds and biotechnology products. The company is a component of the Euro Stoxx 50 stock market index. Werner Baumann has been CEO since 2016. Founded in Barmen in 1863 as a dyestuffs factory, Bayer's first and best-known product was aspirin. en.wikipedia.org
XETR:BAYNLong
by Dr_Chester
1
BTC/USDT Update: Retesting the 0.5Fib and finding supportBitcoin stabilized between the 30k and 40k range and found support around the 0.5 Fib line considering a swing from march 2020 to march 2021. The RSI is near oversold and the 30k area is a strong support range. Most likely we will see some upwards consolidation towards the 40k line an break alongside the triangle of the violet line and the 0.3Fib. The Fear and Greed Index shows 10 which represents extreme Fear. We all know what this mean --> Be greedy if other are fearful. Overall Volume is increasing which is a great sign. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
1