The giant continues to slump with the gap breaking through boundary line of the global triangle, and strong sideways trend at the level of 165.50 was breached as well. A clear flag pattern pointing to trend continuity shaped up below this level. The large volume following the breakout confirms the high probability of a 50% Fibonacci retracement at 159, and then...
Hysterics with Facebook shares was supposed to end sooner or later. It seems that time comes.
Reversal wedge is clearly seen on the weekly chart. Trading volumes defiantly slumped. Oscillators show inevitable divergence. But the strongest bearish engulfing is seen on the top of the wedge.
Break of the pattern at 73 opens the way to the base of the wedge at 56....
Deutsche Bank can draw down even lower. Against the background of vague policies of the European Central Bank, the Bank of Germany ducked under boundary of the global triangle, formed after the crisis of 2008. Break of the level of 31 opens the way to the base of the triangle in the area close to 20. Current or next week will become crucial, now the bank goes back...
Rather interesting situation with Air Canada shares was observed. Following sideways trend intraday, shares went above the old level of 9.24. Air Canada managed to regain after a sharp drop. Spike followed by a pullback is incredible. Reaction can be very strong, and failure swing pattern has already begun to shape. Taking into account the abovementioned, we can...
