SIEMENS LTD
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Siemens - Bounce before next leg down

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We were looking for a 5 wave completion (from 2250 ) in Siemens - see prior analysis. Stock went up to 3140 most likely completing a 5 waver and has since corrected down to today's low of 2890. 2880 or so is major support on siemens. Risk reward on near term shorts is not great I would think. Would expect a bounce before we get a good risk reward opportunity to try shorts here
Nota
Yesterday low was around 2885. We were expecting support around 2880.

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