#SIEMENS: Bearish Setup for NowMy indicator recently gave a SELL signal on #SIEMENS. Here's what the chart indicates:
📉 Technical Overview:
🔹 Triple top pattern formed—a bearish signal.
🔹 Trading below all key moving averages, which are sloping downward.
🔹 Indicates a digestion phase after a strong run-up in the past.
📊 Fundamental Context:
🔹 Fundamentals remain strong, so a reversal wouldn’t be surprising.
💡 My Take:
For now, the chart signals weakness, and I’ll wait for a positive setup before considering any action.
⚠️ Disclaimer:
🔹 This analysis reflects my personal views and is for learning purposes only.
🔹 Not a recommendation to buy or sell—please do your own research or consult a professional.
