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FritzHaber
May 12, 2019 10:28 AM

Deutsche Telekom: Violent breakout incoming Long

DT.TELEKOM AG NAFWB

Description

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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