swissyoungtrader

Bearish Triangle in short term, long term more bullish

Short
SIX:CLN   CLARIANT N
CLN X is consolidating its advanced bearish triangle for recent months. I expect that it end will be a move to the downside, approx. 19.50 or 20.00, that signs the beginning of a new trend to the upside. Currently this analysis isnt likely, but the Dow and so the S&P with its "exhausting peak" could break, because of the trade war with china. the october is also a weak month for the stock market. So understand me right please, for a short term I am short for Clariant, but after this there could be a big rebound.
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