There is a so-called Black Swan pattern, which in technical analysis stands for a trend reversal. The target determination of this harmonic pattern typically occurs in two retracements.
For the technical analyst, the cluster zones marked in the yellow boxes are of particular interest as possible (interim) price targets. In this context, the open gap and the MACD are also noteworthy, structurally represented as a head and shoulders formation on the chart.
How do you view the merger, and do you see a realistic chance for VW to assert itself against BYD and Tesla with this collaboration? The chart at least offers a perspective on a fruitful collaboration.
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