Hello to all watching my charts.
Today hav been a bad day for Deutsche Bank
Fall through the Major Support to 6.66 at the end of the day
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Hello to all watching my charts
Here the next example to trade a trendline brake
in DBK / German Bank
1. Break the black suppport line at 7.00 SHORT
2. Break the blue short trendline at 6.20 /6.30 LONG
3. Break of the next supoort line RED and break of the Long trendlne SHORT 6.70
Only a few trades to made profit.
If you want to support...
The movement of the exchange rate shows the development of a falling double fractal. If the assumption is correct, an additional nearly 45% reduction is expected. The falling wave structure target price is 3.46 usd.
The fundamental analysis of this is fairly easy. Mergers are good for stocks. Why? Because it usually means increasing profitability. Why? Because it oftentimes leads to reducing inefficiencies and eliminating two teams that could be consolidated into one whether its with commercial banks, foreign exchange desks, etc. This merger would lead to the cutting of...
The short Aupmove should have been part of the circled II and now a heavy sale should start soon, so that the media company can focus after Wirecard the next topic.
I'm curious whether there will actually be a merger with the "Deutsche Commerzbank", or let the Deutsche Bank just go down?
Greetings Stefan Bode from Hannover,
As the default risk for Deutsche Bank keep increasing by the day it is now technically ready to move lower towards it's default target of 0.11€ it is still to date the most obvious contagion to the stock market crash of this decade.
However the most likely target on the way down will first be 2.5€ which sits on the trendline from the top notation in May of 2007...
In June I was writing: " Below 9 DEUTSCHE BANK IS DEAD! I also had an update suggesting for a speculative short- term buy long till 10.88.
I hit both the predictions. Now I see the bank going to 5.60 Euro.
Every month some bad news about this bank. It is a catastroph. Lot of corruption and dirty stuff around this bank. If it was not for politicians,
With volatility coming back and with the VIX seriously threatening with a "fear spike", I am now looking at Deutsche Bank DBK .
It seems like it could fail, which would agree with the DAX wave count and the overall Market Crash pattern.
Could this be the next Banking Crisis ?
Deutsche Bank has been in a long-term downtrend since May 2007 and is still in tact. A short backlash should, however, be taken into account and bring the shareprice again in the range of about 11 €, before the final low can be formed and the correction pattern will end with the 5 of the 5 of the C.
as suggested many times, this bank is in a big trouble. It is the one of the worst banks in Europe, if not the worst one.
It is still surviving only because of politicians, but there is no future for this bank, like it is now.
That said, Weekly chart is quite clear, direction is still down! Bearish forces are controlling the stock. Ad suggested, I...
DB failed to break its previous day's high on friday which leads me to believe that in the following week it should head south towards $13.8. Still don't expect major downside movement as many institutions stand by DB ready to support it and we currently sit at atl for DB. At this point you could trade DB as a "too big to fail" institution and ride the stock up to...