BMW: Bearish Continuation & Short Trade for XETR:BMW by VasilyTrader — TradingView India

Trend Analysis Chart Patterns Wave Analysis Stocks indexes S&P 500 (SPX500) S&P 500 E-Mini Futures S&P 500 nasdaq NASDAQ 100 CFD DAX Index dax30

trendanalysis chartpattern waveanalysis stocks indexes spx500 es1! sp1! nasdaq nas100 dax dax30

snapshot

BMW has violated a rising parallel channel.
after that the price set a horizontal decision range and yesterday it was broken as well.

during today's trading session the price retested the 618 retracement of the last bearish leg,
showing a negative bearish reaction.

now bearish continuation is expected.

target levels:
57.15
56.0

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