Chr. Hansen bear batBearish bat almost completed with overbought RSI. Might be time for a pull back.
Danish stocks harmonic correctionsSeveral danish stocks closed at or near the completion of some rather nice harmonic patterns last friday. This is just some of them. The danish OMX C20 index did fail a very precise bullish Gartley, so the first target for this possible bounce could be a test of that area from below: invst.ly The reaction from that test should be a good indication on the strength of this market.
FLSMIDTH bearish 5-0FLS completed the daily bearish 5-0 with a minor instant reaction. We've just had another test which resulted in a succesful bearish bat on the hourly time frame. See private chart below.
Targets if 250 is taken out would be the potential bullish bat/leonardo close to the last bottom. In case of total break down I have marked som older lower targets. For now I will properly remain bearish as long as the box/channel isn't broken.
Q3 on thursday the 12th and already more than 4% down from the PRZ makes it way too risky to enter now but I thought I'd share it anyways.
Bearish bat on 2h private chart:
Best Confluence setup I have seen in a long timeSchiff Median, Nen Star, Action-Reaction, ABCD, 1.272 ABCD, 1.13 Fibonacci, Support from an old Channel, RSI below 30 and high Volume
