Deutsche Bank ($DBK): Weekly - Fractal - Default Risk increasing
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 which will hit once the fractal from the period 2007-02-26 - 2008-11-17 is activated.
I remain a seller on Deutsche Bank (
DBK) till that target is hit.
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 which will hit once the fractal from the period 2007-02-26 - 2008-11-17 is activated.
I remain a seller on Deutsche Bank (
DBK) till that target is hit.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.