Due to the current upward movement of the DHL share, we now consider the low of the green wave (1) to have been reached. Consequently, the share price is currently already in the green wave , which is likely to continue for some time. We expect this wave to end below the resistance level of €47.05 and thus the start of a new downward trend.
The overall economic situation in Europe and even worldwide seems to be slowly but steadily deteriorating. However, if we are looking to short then deciding on a good target is very difficult, because it is difficult to anticipate which sectors might break first. For me, the most likely scenario will be that the consumer worldwide will slowly start running out of...
Holding weekly support. Support also holding at bottom of channel. Signs showing bullish reversal imminent. Place initial stop, be prepared for retest. If there is a retest, scale in and wait for momentum. Move stop to break even. Profit targets 1, 2, 3.
Deutsche post - It seems in strong 3rd wave of impulse sequence and 5th subwave in progress since 56.65 level of 19th July. It is expected to move higher as it is strong outperformer to DAX index. It is possible that it go slight down below 56.65 as alternate 4th subwave of 3rd wave, but overall it is expected to move higher for 5th of 3rd wave up.
DPW - It is in Y wave of complex correction or might be in C of flat correction after completing major impulse cycle from low on 4 hr time frame. It is bearish trade set up for down degree.
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$DPW Deutsche Post AG NA O.N. (XETR)
4Hour Chart:
1). Limit Buy: 35.40€
2). Limit Buy: 34.78€
Entry Price: 35.09€
1). Take Profit: 37€ (+5.42%)
2). Take Profit: 38.52€ (+9.69%)
Stop Limit/Loss: 34 (-2.88%)
Risk Reward: 3.81
What do you think? Share your idea and enjoy our opinion.
REMOVE YOUR BIAS!
Thanks,
Disziplinierter_Trader
