Bayer is forming a bearish pattern, a H&S! Breaking the neckline could be a nice procyclical entry (stoppsell), the sl should be placed near above the right shoulder...after the breakout the sl should be adjusted near the entry ~ a bit above the neckline.
Trading above the possible ricght shoulder will brighten the Chart.
Trading above the possible ricght shoulder will brighten the Chart.
Note
Bayer decided not to trigegr the H&S...no, it could beat it`s thought right shoulder and now we see the buying wave Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.