FritzHaber

Deutsche Telekom: Violent breakout incoming

Long
FWB:DTE   DT.TELEKOM AG NA
Tightly sqeezing BB and sleeping alligator indicate, that a most violent breakout from this tight consolidation range is coming. Price remained fearly constant while the RSI has been slowly moving upwards. This combined with the recent gap down could indicate a bullish breakout, closing the gap. If you decide to trade this, either wait for the breakout to start before entering or make sure to trade a small position size with the SL just below the lower BB.
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