Bayer AG, time to slow down

After a long and steady rise in wave 3 from September 2011 to January 2014, during which prices soared from 35 to 104 , it looks like Bayer AG’s stocks are ready for a more tangible corrective decline in wave 4. Since wave 2 is sharp, considering the rule of alternation, wave 4 should move sideways, which means that we could expect a flat or a triangle. Bayer could fall from current levels to about 85. After that, uptrend could resume in wave 5 and exceed the top of wave 3.

bayer

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