DB: Quarterly downtrend in play
Updated
DB has a quarterly 'Time at mode' downtrend active, that aims for 10.34 to be hit before July 2017.
If you are a frequent 'Key hidden levels' chatroom user, and a subscriber to Tim West's indicator, you should be short DB from around $17, like we are. We are now trailing stops down, but adding an entry here isn't a bad idea at all. Risk a rally to 15.21, and target 10.34. Tim West's analysis calls for DB at $0 in the not too distant future, so keep that in mind as well.
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
If you are a frequent 'Key hidden levels' chatroom user, and a subscriber to Tim West's indicator, you should be short DB from around $17, like we are. We are now trailing stops down, but adding an entry here isn't a bad idea at all. Risk a rally to 15.21, and target 10.34. Tim West's analysis calls for DB at $0 in the not too distant future, so keep that in mind as well.
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Note
s3.amazonaws.com/tradingview/snapshots/7/7tDKfaBg.pngEarnings are out, hint: they don't look good...
Note
Good progress, anticipating gap down next week.Note
If not in, you can join now.Trade closed manually
We got less than $1 from the target, time to flip long.
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