SAP, Head-Shoulder-Formation, Pivotal Determinations!

Hello,

Welcome to this analysis about SAP on the monthly timeframe perspectives. As when looking at my chart we can watch there SAP os forming this massive head-shoulder-formation which is almost completed as the left shoulder and the head already developed. Now with the right shoulder SAP also broke down below the 65-EMA which is an important EMA that actually held the bullish trend to the upside previously, now as this EMA condition has changed this gives an additional indication that the head-shoulder-formation has a high possibility to complete in the upcoming times. Once SAP has formed the breakout below the neckline this will be the setup of completion for this whole head-shoulder-formation and SAP will activate the targets as seen in my chart, once these have been reached the situation needs to be elevated again.

In this manner, thank you for watching the analysis, all the best!
"The past like the future is indefinite and exists only as a spectrum of possibilities."

Information provided is only educational and should not be used to take action in the markets.