Siemens has been travelling inside a Ascending Expanding Channel Pattern(bold yellow line) from March 2025(making higher highs and higher lows)
Now it is in the down move to making a higher low (to support level)
This down move is being done by market in the form of Descending channel pattern making lower highs and lower lows(shown as purple line)
There is also a Head & Shoulders pattern...which has given BREAKDOWN with Good Volume support (yesterday-13-10-2025)
Siemens is looking to take support at 2900 levels(2920)
SL can be bit choppy (either the high of Breakdown candle/high of right shoulder)
Bearish view can be negated once the red dotted line breaks!!!
Let's wait and watch!!!
Thank you!!!!
Just my view...not a tip nor advice!!!!
Now it is in the down move to making a higher low (to support level)
This down move is being done by market in the form of Descending channel pattern making lower highs and lower lows(shown as purple line)
There is also a Head & Shoulders pattern...which has given BREAKDOWN with Good Volume support (yesterday-13-10-2025)
Siemens is looking to take support at 2900 levels(2920)
SL can be bit choppy (either the high of Breakdown candle/high of right shoulder)
Bearish view can be negated once the red dotted line breaks!!!
Let's wait and watch!!!
Thank you!!!!
Just my view...not a tip nor advice!!!!
Trade active
Trade closed: target reached
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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.
Related publications
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.