MaryJane

Caught in the neutral Triangle - Waitung for Breakout

FWB:DBK   DEUTSCHE BANK AG NA O.N.
226 7 39
The shares of Deutsche Bank moves volatile sideways since the low of February 2016 @ 13.0€ - a symmetrical triangle appears . DB             commutes to the 2006-LOW @ 15,4€. Recently again the stock fell back into the vicinity of the lower edge of the triangle. This limitation runs currently at 14.05 EUR. From this support line, the stock is trying to solve for a few days.

In the short-term view i see upside potential toward the upper edge of the triangle. Thus, the share could rise to approximately 16.20€.
The Zone withgin the triangle seems to be neutral. (orange)

Larger Trend impulses arising presumably with a breakout from the triangle,

-On the upside: Stoppbuy above 16,90€, respective 17,5             sl, below the triangle, possible TPs: TP1: 18.8 / TP2: 18.8 / TP3: 20
-On the downside: Stoppsell below 14€ with SL above the triangle, TP1 13,4 / TP2: 13 /TP worst case: 10!

Trade active: shortside is triggered, fictive trade active
Comment: TP1 reached , TP2 reached....let`s wait and see
Comment: the exspected corrective move rechaed the bottom of the wedge. Here is the next trading Point. Will DBK reenter the wedge, the next tp could be the upper side of the wedge at 15,65. Trading below the wedges bottom will generate the next shortsignal
Comment:
snapshot
oh oh....
Trade closed: target reached: worst case tp reached
I always like the idea that the stock can go in one or another direction. Question I have is: Do you set both orders short and long at the same time or you have a mental entry. How do you manage the risk. Do you exit part of your entry in first target or you just wait in performe exit on your filling. Thanks
Reply
MaryJane matjaz70
Hello mazjaz70, i manage the risk withe the choice of my Position size. I maximal invest 2-3% of my trading capital. And yes, i try to safe my Money if we reach one of my mentioned Targets. There i tend to sell a part of my Position and adjust my sl. Normally, i do`t place both borders. I install alerts and then insall my orders. Thx for asking.
Reply
whenn DB will kiss the TP2, i exspect a corrective move before the next selling wave
snapshot
Reply
MaryJane MaryJane
the exspected corrective move rechaed the bottom of the wedge. Here is the next trading Point. Will DBK reenter the wedge, the next tp could be the upper side of the wedge at 15,65. Trading below the wedges bottom will generate the next shortsignal
Reply
MaryJane MaryJane
reached upper wedge edge :-)
Reply
MaryJane MaryJane
snapshot
Reply
MaryJane MaryJane
snapshot
oh oh....
Reply
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