Antonio_Cottone

Nestle on the way down

Short
SIX:NESN   NESTLE N
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

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