DBK trade ideas
Le cas Deutsch Bank ($DB) final chapterFor more than 2 years I followed the price action of DB stock and it has taught me a lot.
About the market, the psychology but also about myself.
The this my final chart about this journey. I don't know if the stocks is just on a technical retracement or for a rally to new ATH but I don't care, I well positioned for the years to come now.
Take care and good investing.
As time goes by, I will keep you updated on the evolution of the chart, so make sure to follow me on Tradingview
Thank you for reading to this point .
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Disclaimer : This is not financial advice as I’m not a financial adviser.
This is just my knowledge on what can be said and done from the chart.
Due to the volatile nature of the market, everything can change on a day to day basis.
Everyone is wise to manage their risk properly when considering any trading decision or activities.
MULTI YEAR SUPER BULLISH FORMATION FOR DEUTSCHE BANK13 YEARS TRENDLINE BREAK
DOUBLE CAPITULATION SELLING CLIMAX
BULLISH DIVERGENCE IN MACD AND VOLUME ACCUMULATION
XLF BREAKING INTO ALL TIME HIGHS AND STILL TARGETING HIGHER
GLOBAL ECONOMY TO RECOVER STRONGLY AS COVID SUBSIDES AND LOCKDOWN LIFTED
DB DROPPED FROM A PEAK OF $140 TO $5 LOW AND READY TO RISE LIKE THE PHOENIX FROM THE ASHES!
A safe betPotential gain:10-12%
Reward/Risk:2
Timeframe: 1-2wks
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
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DBK (DAX) - EW analysis - ABC correction DBK - It seems like completed double zigzag WXY cycle from major low in 2 hr time frame. The drop was impulse A down and bounce is like B wave in progress. It is already underperformed to DAX index, so expecting C down after small corrective bounce as ABC zigzag down.
Give thumbs up if you really like the trade idea/analysis.
Buy the Banks!Banks should be defaulting left and right!
Derivatives exposure is massive, the economy is broken and lending conditions are awful!
Therefore: BUY, BUY, BUY!
Volatility, volume and price divergence indicate share prices will continue to rise, likely because of central bank intervention!