Market shows good support in drawn area and moves within down trend wedge and is near trend resistance line.
My setup is valid if candle break above trend line and close above.
RSI indicates first up trend signals and MACD showing an soon up correction.
- RSI is heavy over selled on 1 to 4 hour chart
- MACD baselines going to cross bullish soon
- market price near important support 6,91
- possible double bottom on 1 H is confirmation for long entry
without Deutsche Bank, Donald Trump would never have become US President. At least that is what experts and journalists who have...
market price is in up trend after confirmed double bottom on daily chart. I expect up movement to 7,65 - 7,7 where is first strong resistance. Deutsche Bank has lost fuel after confirming the broken fusion with Commerzbank which was a boost for the price in the last weeks. If price reacts as expected we can expect confirmation of drawn formation which implements...
-price in down trend switching to sideways / near first strong support
-RSI indicators showing soon up movement - RSI´s are already heavy over selled
-MACD showing soon crossing of baselines and with that up movement
-expect at least test of triangle up trend line
-take profits and stop loss is drawn into the chart
-open long after confirmation / confirmation =...
I have read an article today about the possible merger between Commerzbank and Deutsche Bank, few people seem to be reading up on it! Very soon we will hear about how EU banks are a zero and Deutsche will be the first to collapse. A backdoor bailout is likely to change that.
Current trend structure: bearish in down trend channel
Currently testing important resistance
How bad is the European banking sector? New statements from the ranks of the European Central Bank suggest that the financial institutions on the home continent may once again hope for the help of the ECB. Whether they depend on it is another matter. There are signs for...
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,
DB has the potential to advance from current levels. The key drivers are as follows:
- Bull flag breakout
- Bullish Engulfing Candle formation seen on 14-Feb-2019.
- RSI attempting a breakout
- Momentum indicator turning up
- 20-day EMA being regained
Current levels: €7.75
Take Profit Target: €8.93
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...
we can see clear up trend structure at this chart. Price moves within ascending channel and rebounces from support and resistance trend line.
Expect another up to 8,50 before we could see an healty and needed correction.
Open prices and take profits are drawn in the chart.
Good luck to all
Upside opportunity towards 15 euros for Deutsche Bank. On the weekly we have a positive divergence both on the RSI (also on the monthly) and on the Chaikin Oscillator. Possible retracement in area 10 euros. Volume Profile confirms the resistance levels.