Short SiemensThere is M pattern breakdown in Siemens on daily chart. Expecting a downward trend in Siemens.
Siemensshort
Siemens short below - 2465All the details are mentioned in the chart along with entry, targets and analysis.
Sell Below - 2465
Targets mentioned in the chart.
RSI in Oversold region
MACD is getting resistance
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Siemens - WXY FormationThe Siemens-share could be in a WXY formation since May 2017.
There should already be the (a) the Y nearing completion and in the range 96-97€, with a two-digit daily closing price, then turn back up.
This upswing would have to be continued until the beginning of the second quarter of 2019 before the low is formed by the middle of the year 2019.
Have set with alarm clock to 97€ and then look for the trend reversal.
Greetz from an Eichsfelder from Hanover.
Stefan Bode
