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Siemens AG reached target

On the 4th of March 2014 we made a forecast that Siemens AG’s shares could go near 89$. However, we supposed that a little more upside was possible, but prices fell instantly and 10 days later, on March 14th, our target was reached. We want to stress that, when we made that forecast, we were looking only at the charts, and no information about Siemens AG as a company was needed. It was not necessary, because the market has its own rules, which are visible on the charts and come in the form of Elliott Wave Patterns. An updated chart is given below.

siemens ag



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