Hello to all watching my charts Here the next example to trade a trendline brake in DBK / German Bank 1. Break the black suppport line at 7.00 SHORT 2. Break the blue short trendline at 6.20 /6.30 LONG 3. Break of the next supoort line RED and break of the Long trendlne SHORT 6.70 Only a few trades to made profit. Good trades If you want to support...
Have a great day all!
I wonder how low DBK can go. I wonder if this is the next Lehman Brothers and the start of the banking crisis in EU.
$DB - Deutsche Bank is now ready to move lower towards the 2019-03-22 cycle low point on Friday next week with the rest of the equity markets. Projection Model - 2-Day Cycle - 2019-02-01 - 2019-06-29 i.imgur.com
I have read an article today about the possible merger between Commerzbank and Deutsche Bank, few people seem to be reading up on it! Very soon we will hear about how EU banks are a zero and Deutsche will be the first to collapse. A backdoor bailout is likely to change that.
As the default risk for Deutsche Bank keep increasing by the day it is now technically ready to move lower towards it's default target of 0.11€ it is still to date the most obvious contagion to the stock market crash of this decade. However the most likely target on the way down will first be 2.5€ which sits on the trendline from the top notation in May of 2007...
This is the real market risk, the most obvious contagion to date that will most likely cause the next financial crisis because of the amount of debt that the bank holds within the banking system when this stock moves down the market also follows. Technically below that trendline and Deutsche Bank moves towards default and 0.11€
Bullish Batterfly - Aggressive entry Or wait for confirmation first with a close above 11$
Deutsche Bank is in the last phase of of a correction move. It seems to have finished wave B and wave C has begun. The primary target is around 11,9 but further rise is also possible.
Interesting. On September 21st the buying volume made a iant leap to 111 million shares. XETR:DBK
Deutsche Bank still long Stop Profit at 10 Euros just in case...
Eurostoxx is a trigger
Detsche bank looks that the worst times are over. Bulls are getting stronger and downtrend can be possibly at the end. Actualy, the price is in bullish channel and the price is on the support. In my opinion this is good setup and tradable. CCI looks that is turning over.
With volatility coming back and with the VIX seriously threatening with a "fear spike", I am now looking at Deutsche Bank DBK . It seems like it could fail, which would agree with the DAX wave count and the overall Market Crash pattern. Could this be the next Banking Crisis ?
Deutsche Bank looks like they are ahead of a deep dive.
Deutsche Bank has been in a long-term downtrend since May 2007 and is still in tact. A short backlash should, however, be taken into account and bring the shareprice again in the range of about 11 €, before the final low can be formed and the correction pattern will end with the 5 of the 5 of the C.