Back in February I was speculating on a possible new banking crisis in the making...
This week DB was in the media alot, could be the start, or not....
If DB fails then we're likely in for a bankrupcy cascade in the banking sector and a deep recession not like any we've witnessed in recent decades..., especially in Europe...
On the other hand: the 'insiders' often create situations like this so that everyone else starts selling and they can start building longs at ultralow prices...
No way of knowing what the strategy of the ruling elite will be and what will happen so the only way to move forward is to try and read the charts...
This is what I see: we got bearish trend continuation after the triangle broke and we got to the 1.27 ext. of the breakout move which was at the 10.00 area. There we saw a decent bullish reaction on the last daily candle...
I was hoping to end up a little lower though for a really awesome buying opportunity, not sure if we'll get there now, we'll see...
Trade cautiously, anything can happen if real panic sets in...
This week DB was in the media alot, could be the start, or not....
If DB fails then we're likely in for a bankrupcy cascade in the banking sector and a deep recession not like any we've witnessed in recent decades..., especially in Europe...
On the other hand: the 'insiders' often create situations like this so that everyone else starts selling and they can start building longs at ultralow prices...
No way of knowing what the strategy of the ruling elite will be and what will happen so the only way to move forward is to try and read the charts...
This is what I see: we got bearish trend continuation after the triangle broke and we got to the 1.27 ext. of the breakout move which was at the 10.00 area. There we saw a decent bullish reaction on the last daily candle...
I was hoping to end up a little lower though for a really awesome buying opportunity, not sure if we'll get there now, we'll see...
Trade cautiously, anything can happen if real panic sets in...
