German Recession looming? H&S
Hello everyone, this is my first public TA so show me some constructive critisicm or support if you liked it.
I suspect a H&S retested the resistance / neckline today and got rejected... probably a good entry for a short now. The price is also being rejected by the resistance line that used to support the overlying downtrend.
Fundamentals also strongly suggest a move downwards, since interest rates in the US, Germany's main trade partner are rising and there is a trade war going on. On top of that, many car manufacturers, such as Volkswagen and Audi are struggling.
I suspect a H&S retested the resistance / neckline today and got rejected... probably a good entry for a short now. The price is also being rejected by the resistance line that used to support the overlying downtrend.
Fundamentals also strongly suggest a move downwards, since interest rates in the US, Germany's main trade partner are rising and there is a trade war going on. On top of that, many car manufacturers, such as Volkswagen and Audi are struggling.
Nota
this is going really well so far, put my stop losses above the falling window now. :)
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.