I'm expecting the price to continue to bearish trend initiated. The pullback should be completed.
We can see that Liquidity was taken from several inducements and that the price reacted well on supply zone and broke the structure downside.
all these events give us good probability for the execution of this analysis.
The market is on uptrend, retraced into another Weekly Demand and price is reacting off of it. This level can be held if the last supply level which currently pushing price down, get removed, for nothing significant supply above anymore.
#DTE • Deutsche Telekom • XETRA LONG TF H4
TP = 21.35 , SL = 18.49
The trend continues, the nearest support level according to my calculations TP 21.35
Chart painting from the early 21st century, artist Maxi Scalibusa. No investment advice or a recommendation to buy or sell any securities. This is entertainment. Start 16.25 EUR
Since Feb. 2000 German Telekom AG has been ongoing forming an long lasting A/B/C - correction in Grand Supercycle Wave II down. Nevertheless, this is the reason, why the German DAX will outperform. Because the Telekom shares are "...one of the biggest tanks in that asset class index..."
Until today there is no exhausting to see out of an internal trend channel....
following up
analysis still valid and matches well with the 4h wave count
next stop could be around 19 (or more if the 5th wave is extended)
then waiting for correction to add around 38,2% fibo level (starting @ 12,586, ending @ next relevant high)
Entry: 16,06 EUR
Target: 18.00 EUR (+12%), 25.00 EUR also possible
Stop: 15.72 EUR
1.) Fibonacci Retracement may be used in combination with other conditions in a trading plan to qualify possible entries. In this particular example, price retraced back down to the 50% level. This alone would not be enough to enter a trade. When the retracement level, however,...
Deutsche Telekom AG (DTEA - Xetra) is in impulse cycle up in 4 hr time frame, where 5th wave up is in progress. In 30 min time frame the 1st subwave leading diagonal and 2nd subwave correction both already ended. Price is now in 3rd subwave of 5th wave up. Stay bullish with stops below 14.45 level for target above 15.80. Keep eye on chart in 10 min time frame to...
DT Telekom is trading in a channel since mid 2018.
Already took the opportunity before earnings riding it from the lower border to the upper where the RSI also reached it's previous high.
Switched to short at that level with a target and take profit to the previous support level @15.61
Due to the overall corona fear it broke this support and is now at the lower...
When the market faces times of uncertainty, this is exactly the type of company that investors use as a piggy bank as a safe haven until the grey skies clear. Telecommunications have been a winner for 2019 and that looks set to continue.
COMPANY PROFILE
Deutsche Telekom AG engages in the provision of telecommunication and information technology services. It...
DTE is trading in a Bull Market
Bearish Bat Pattern completed
Stock retraced and rejected Fib 61.8%.
14.80 Strong Support.
RSI Headed North.
Buy And Hold Trade
Levels as described.
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...
