Long term triangle broken and pull back done.
Only natural way.... down down down
And after the "whistleblowing gate" , most of the other punished banks will (allegedly) operate against them.
Break & Retest del Range + Major Trendline
Historical level/zone 17/17.50 + confluenza con 61.8% Fibonacci
Entry Point @17.10, Major Target @21/21.250
Risk Reward 1:2 (with stop below range)
Since July 2016, price has been rallying in a 5-wave structure to the recent high at 18.30 in July 2017 in a diagonal structure.
RSI has formed a divergence as well, giving us another confluence of a potential retracement lower from here.
We are expecting price to correct to the downside towards 15.13 or even lower towards 14.38 area in the short term before...
UBS is a bellwether for Europe - maybe.
UBS is linked to the European Banking Crisis also to the Italian Banking Crisis as well.
UBS is showing us today that a loosing streak of almost 10 days is wiped out in a few minutes or hours only. This might be a powerfull one day countertrend. But if not than this is a clear signal that Europes Stockmarket might...
Any body wants to have a Swiss bank account? Well if you were jealous BC ur friends had some Cheesy Swissy account back in the hey days then don't be. Time has come for you to take revenge. Even though it has gone South for a while but time has come to re-enter the market. Resistance @ $15-$16. Downside probably if not zero but at least penny stock.
buy @ 12.20 which is the D-completion of this bullish cypher pattern (please note: this idea refers to the CHXEUR:UBSGZ shares on the Swiss stocks exchange)
