The bank (GLE) is clearly a prisoner of the displayed pattern and could lose 2/3 of its market capitalization from now...
The next big support are the green lines on the chart which bring the share price in the EUR 5-10 price range (for a current dividend per share of EUR 2). A consolidation in the banking sector seems unavoidable. The question is who will buy the European banks first -> Americans or Chinese? ;)
My advice - follow the price reaction from the extreme points of the pattern. Good luck!
The next big support are the green lines on the chart which bring the share price in the EUR 5-10 price range (for a current dividend per share of EUR 2). A consolidation in the banking sector seems unavoidable. The question is who will buy the European banks first -> Americans or Chinese? ;)
My advice - follow the price reaction from the extreme points of the pattern. Good luck!