649bruno
Short

Deutsche Bank Bearish Call Follow-Up

NYSE:DB   DEUTSCHE BANK AG
31 0 3
14 Days ago, with DB-3.59% at $18.02, I published a "Bearish Butterfly" formation I detected in Deutsche Bank. From Fibonacci extensions the downside projection was to $15.50 on or before April 12, 2016. Today (April 7th, 2016) DB-3.59% hit $15.54. I had positions in DB-3.59% Apr 15 2016 Puts, Strike Price of $20. I took profits because these puts expire in about a week. After the bearish butterfly pattern was detected, I followed the trade down using the Ichimoku Cloud , RSI , and Awesome Oscillator . The dotted black circles are the "teeth" in an alligator trade formation, and these remained down, as did the alligator lips and jaws. The Ichimoku Ki jun-Sen (thick black down-trending baseline) remained negative, as did the Ichimoku conversion (thick red) line. All indicators remained in a down trend. I hope this presentation has been helpful for you. Yours for better trading, Don.
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