A40UT9 trade ideas
BnR Pattern at MTUThe news with respect to the turbine issue induces a sharp price slump. In the chart we have all characteristics of an BnR pattern with a downmove of one channel . Recently, also the price has reached and taken the minimum Fibo Retracement which is a necessary condition for a local bottom
MTU Aero Engines (MTX - Xetra) - Impulse wave patternMTU Aero Engines (MTX - Xetra) is in ABC wave pattern from top in 2 hour time frame. It dropped in A wave in five wave sequence from major top in 2 hour time frame and corrected up in abc flat correction with c in five wave as shown in 60 min chart. Now C wave down will start, but wait till confirmation to get in to.