BARCL: Ample downside to be seen in BarclaysThe chart speaks for itself, we have a very clear downtrend here, after breaking below the key earning levels above after the 'Brexit' induced volatility spike. We can enter shorts for continuation here, and look for prices around the 70 handle, without being overly optimistic (or pessimistic on European banks).
Price has to stay under today's high for this setup to remain valid, otherwise it would consolidate before eventually resuming the accelerated decline towards the lows.
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DB
$DB longRate chatter could continue to act as bullish catalyst for all banks. Deutsche Bank trades close to its 52 week low of 14.78, WELL under its book value. I think $DB presents the most appealing risk/reward out of all major banks. Going to set my stop under 52 week low let it ride.
SL @14.5
TP @ 100/200 MA
EUR/GBP Prepare for longMy honest opinion is that one of the major mistakes globaly is that traders counter trend immidiately once price hits PRZ. Even with DT or DB you need some sort of comformation, at least break of DT/DB and wait for price to retrace back to the V bottom of DT structure or A top of DB. I found out that the best way to get comformation that trade has really changed is break of EMA 123 and break of trend line with at least 3 touches after that we should watch for retracment so 123 on lower timeframe and then trade break of the retracment. Better safe then sorry ;)
Resons are written on the chart!
If you have any question feel free to ask!
Best regards
Deutsche shorter or longer short. Revisited. 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. ;)
The Deutsche Bank (NYSE:DB) Daily (03.07.2014) Tech Analysis The Deutsche Bank AG (NYSE:DB) Daily Diagram Technical Analysis training shows the following:
The DB share has made a long term bearish movement with the resistance of red trend lines. These resistance lines were under the KUMO, which means that the DB was bearish in long term. The weekly diagram shows an oversold level.
So the first think in mind (as you can see in diagram) is that $34.75 (2.618 of fib retracement is a local bottom) and may be a reaction from here (a little aggressive). So it is a strong long term support. MACD is forcing its bullishness and RSI too. The volume is the usual.
We have no special candlestick pattern. The share is under the KUMO and the Kijun Sen (blue line) too.
There is no special pattern. The fib from $54.33 to $46.85 shows a 2.618 bottom at $34.75.
So I think that the share will return towards to Tenkan Sen (36.63 first target) and Kijun Sen $38 second target).
For farther projection look at KUMO SPAN A (green line of KUMO cloud).