5th wave pivot identified. Price reversal and pivot from the end of wave 4. Price is slightly above support level at 104.5 but could wick down and bounce from that level back to TP of 111
I am waiting for a correction to the 50% Fibonacci retracement, then there is a possibility of entering with a risk to reward ratio of three to one.
Remember that you can create many scenarios in the market. This is just one of the possibilities.
I am waiting for it because it will be a kind of entry after the correction, there will also be a retracement of our...
The red line indicates a good resistance spot confirmed by monthly price movements. The arc represents the reverse cup and handle that formed in the daily chart. After a wild downwards move BMW came to a good retest area of the this resistance. A good SHORT position is what i expect. On the other hand this area showed bounces in the past too so it wouldn't be...
Monthly Time-Frame:
--> Evening-Star --> target: around $72
--> 14-period Monthly RSI has steep downward slope and, like all the similar past situations, looks like a high probability of downward momentum
Position: SHORT
BMW's recent decision to abandon its heated seats microtransaction model comes amidst significant public and media criticism. The move reflects the company's adaptability and responsiveness to customer feedback. While the initial introduction of the subscription-based model for basic features was perceived negatively, BMW's swift response may restore consumer...
Hello,
BMW AG engages in the manufacture and sale of automobiles and motorcycles. It operates through the following business segments: Automotive, Motorcycles, Financial Services, and Other Entities
The stock is not at good places for buys since its at the top
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it...
Alright folks! Today we're going to talk about a company that you might have heard of before, but maybe not in the way I'm about to present it. I'm talking about Bayerische Motoren Werke AG, or as most people know it, BMW.
Now, BMW has been around for a long time. They've been making cars since 1916, and in that time they've built a reputation for producing...
Hello my friend
According to the counting of the waves, we expect that the share of BMW will continue to rise and after the completion of the three main waves, we will have the correction of the 4th.
Hello dear friends
In the chart of BMW company, according to the formed waves, it seems that the share correction is over and we should wait for a powerful upward wave. Of course, it is better to see if it succeeds in breaking the upcoming resistance or not.
Hello dear friends
In the chart of BMW company, according to the formed waves, it seems that the share correction is over and we should wait for a powerful upward wave. Of course, it is better to see if it succeeds in breaking the upcoming resistance or not.
Hello friends
BMW has always moved in an ascending channel since the beginning of its movement, and recently it has approached the middle line of the channel, if it can pass this resistance, it can gradually reach the top of the channel.
According to the pullback, the resistance is broken and the pullback confirmation can be entered into a buy position with the target of the specified high level.
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According to my risk and capital management system, the risk of each trade is one percent per...
According to the pullback, the resistance is broken and the pullback confirmation can be entered into a buy position with the target of the specified high level.
Stay with me to get more analysis after following me by sharing with friends and leaving a comment.
According to my risk and capital management system, the risk of each trade is one percent per...
Bullish indicator
1--Dow Theory there is a Higher high and higher low form
2- Breakout the resistance of 89.49
3-Bullish Engulfing and three white soldier formed
![BMW: [Scenario]](https://s3.tradingview.com/u/uGKjOAiv_mid.png "[Scenario]")
