Siemens : Bullish trend under threat
After a stupendous rally earlier, the stock went into the consolidation and now looking more like a distribution price action. On the pattern front, the stock seems has formed a bearish Trend Reversal Triple Top Price pattern and is near the breakdown from the same.
The decisive breakdown from the pattern would call for trend reversal and bears likely to take control and price to witness profit taking in the coming sessions to come.
The decisive breakdown from the pattern would call for trend reversal and bears likely to take control and price to witness profit taking in the coming sessions to come.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.