As a reminder, please look at the old chart idea down at the links. Price action and elliottwave at its best.
The old longer short target was 16 $. But from the waves I cannot see an end to it. I wait for a long signal, a wave is finished formation, to try to catch the next big move long.
How to trade? Short positions stops bring closer, long positions not yet,...
DBKD order to short at 21.95
First target at 9.60
Second Target at -26.17 it might take months before getting there...
I suggest to take some profit at the target 2.
Banks will see a big boost when the FED signals no rate hike. Also the ECB is considering expanding QE and the M1, M2 money supply in the EURO zone is swelling which is good for the BIG BANKS in Europe
Within a couple of months, Deutsche Bank AG shares found a support level at USD 30 and a triple bottom shaped up, confirming RSI divergence. The stock’s closing price above USD 32 will send out a signal to breach the downtrend trend with a target of USD 35.
Deutsche Bank can draw down even lower. Against the background of vague policies of the European Central Bank, the Bank of Germany ducked under boundary of the global triangle, formed after the crisis of 2008. Break of the level of 31 opens the way to the base of the triangle in the area close to 20. Current or next week will become crucial, now the bank goes back...
Wow. This one was spot on. See link below. From 50,80 to 31,76. Couldn't be more happy for the analysis, sadly I did throw the trade away, way too early.
So why now the revisiting. Because. The green line could start, so at least the stops should be brought closer, or parts taken of the table. The 35 could be a nice stop.
My wave sentiment: So neutral to short. ;)
So here we go again with another banking crisis in the Eurozone. How many times have we heard this phrase over the last few years. This latest disruption is coming from Portuguese bank Banco Espirito Santo, the second largest in the nation. This is just a few years removed from the country itself requiring a bailout from the EU, as it received a 78-billion euros...
