VOLKSWAGEN @ daily @ BreakedUp of (15 month old) triangleUntil the market VOWD trading between MONSTER GAP of 143.55 & 160.20 (sep`15) again traders have still to overcome only one hurdle. The MINI GAP between 141.40 & 142.45 (which was created between last trading day `15 & first trading day `16) & 1st Quartal`16 high (139.35).
All in all VOWD got a flat year 2016!
And therefore have a argusauge on the downside, that the breakout confirms :)
Yesterday moday close was 139.55 VOWD
139.35 1st Quarter`16 high
137.50 3rd Quarter`16 high
136.60 4th Quarter`16 high (before breakout)
134.25 & 133.35 little JULY GAP
1133.50 & 132.75 little NOVEMBER GAP
132.55 & 129.45 little JUNE GAP
130.70129.40 little JUNE GAP
need to be defend - to get enough power - to rise into MONSTER GAP back again (while 1st quarter`17).
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron
4VOW trade ideas
WEEKLY SETUPWe have a triangle pattern in development on weekly timeframe.
We have also huge gap which has not been filled yet.
There is still posibility for new H3 and L3 of pattern in making.
I have a two strategy to play this out :
1 - early entry if price pull back to yellow zone with SL below it with much beeter RR
2 - tradinional entry when price break out fom triangle with SL below L3.
VW Accumulating before Making new LowsVW is far from its ATH. Since mid 2015 the stock has entered into a downwards spiral, yet another one, after an insane drop in 2009. Currently price is correcting, but just waiting to break through the marked fractal support and possibly establish new lows. The time between 2009 and 2015 was not full of upside momentum taking prices significantly higher. It seems it was nothing more than a small breather that won't last. Let's see if that holds true and VW will go as low as it's been in 2010.
Turn-Around TradingIdea @ VOLKSWAGEN143.54 EUR: 5.Target (33.29 EUR Chance)
128.07 EUR: 4.Target (17.82 EUR Chance)
126.84 EUR: 3.Target (16.59 EUR Chance)
121.31 EUR: 2.Target (11.06 EUR Chance)
115.25 EUR: 1.Target (05.00 EUR Chance)
110.25 EUR: last Price
094.80 EUR: last Support (15.45 EUR Risk)
You can use the support levels as stop-loss price level.
And alle 5 targets also even as take profit price leves too, if you want.
But take care! Think about it - and create your own opinion! It`s your own decision...
C/R Ratios are 0.32 (1st), 0.72 (2nd), 1.07 (3rd), 1.15 (4th) & 2,15 (5th)
Change/Risk Ratio = 1st or 2nd or 3rd or 4th or 5th Target/Support
Best regards!
Aaron
VOLKSWAGEN technically under pressure, but still great outlook143.54 EUR: 5.Target (33.29 $ Chance)
128.07 EUR: 4.Target (17.82 $ Chance)
126.84 EUR: 3.Target (16.59 $ Chance)
121.31 EUR: 2.Target (11.06 $ Chance)
115.25 EUR: 1.Target (05.00 $ Chance)
110.25 EUR: last Price
094.80 EUR: last Support (15.45 $ Risk)
You can use the support levels as stop-loss price level.
And alle 5 targets also even as take profit price leves too, if you want.
But take care! Think about it - and create your own opinion! It`s your own decision...
C/R Ratios are 0.32 (1st), 0.72 (2nd), 1.07 (3rd), 1.15 (4th) & 2,15 (5th)
Change/Risk Ratio = 1st or 2nd or 3rd or 4th or 5th Target/Support
Best regards!
Aaron