SIEMENS LTDUpdated Siemens - Bounce before next leg down
We were looking for a 5 wave completion (from 2250 ) in Siemens - see prior analysis. Stock went up to 3140 most likely completing a 5 waver and has since corrected down to today's low of 2890. 2880 or so is major support on siemens. Risk reward on near term shorts is not great I would think. Would expect a bounce before we get a good risk reward opportunity to try shorts here
Note
Yesterday low was around 2885. We were expecting support around 2880.
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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.