interested in short' the price bounced from daily support but good enough to be followed with bearish harami. Looking to trade into completion of bullish Gartley; I wont be interested if the price closed above red level of supply, $141.00.
After the breakout of the price through the descending trendline, price moved constantly up and bounced back on the upper line of the ascending trend channel.
Two days ago, the price just responded to lower trendline of the channel and is probably going to continue this bullish movement, heading for the upper trendline where it is likely to reverse its direction again.
After great financial results for 1Q 2017, I see VW may hit 160-170 region easily.
And they also developing electric cars, and using "American punish money" to build electric charge stations.
VW surprisingly (taken into account the VW Diesel cheating) did well last year. I saw no reason in this quarter concerning something bad in VW sales. Besides market is slowly forgetting about Diesel Gate. it seems that VW 1Q results to be good and therefore I see a potential price increase to test the height of 156 EUR.
A bearish pattern for the deutch. i'm really hope the share go very very down. see the divergence in rsi tp usually for the butterfly stop loss around 163.532. if you agree write
VW is the 5th largest DAX titel with a market capatilization of about 77 Mrd. @ the moment.
VW is working his way up to close the Gap@ 162,40
I do not think this will happen directly but after a short pull back the chances are very good.
And if VW is able to close the GAP there are further targets up North which will push DAX closer and above his ATH @...
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
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Aaron
The DJIA is ready to cross the 20k. The last up move is caused by industrials taking the lead from financials.
On Monday have a look for same at Germany´s automaker Volkswagen for a spike to the upside pushing Grermany´s DAX unexpectedly higher.
This Rotation could cause another spike for the DAX to the upside. The DAX is now closing in for 2015th All Time High.
Don't know what will happen (you know, news are shown on chart before it's arrive), but for me look like this is a flat move (primary count) to the down side and there is a triangle in the middle.
Triangle in the B move... C will be complex and will take at least 5-6 months.
Triangle always the penultimate move on their context...
In case context is correct and...
