1DBK trade ideas
Deutsche Bank is a short tradeIt is suggested to short Deutsche Bank since the horizontal support is under pressure and it seems it has been broken.
Dax30 is now underperforming South European Markets. Deutsche Bank is one of the weakest German stock listed in the main index.
I will update my trading idea with stop loss and take profits level.
This is just the beginning for Deutsche Bank. Europe outlook is rather positive in my opinion. With better economic data churning out, I think it is a matter of time Europe will start rising interest rate. More money will start to flow into Europe banks.
Base on technicals, we are accumulating with the smart monies and await for breakout.
Deutshe Bank: DB All set for a short term bullish movement?I believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be a continuation or reversal.
It requires attention and care. Rather than turning out to be a factory of producing signals, it is better to sit down and look for a setup. Setups are important because we are planning a trade and execute them on time. If you fail to plan a setup, then you are planning to fail.
Another advantage of trade setup is that we know where to get out and the right time to go in. Know the market. Study the price movements and make your trades.
My charts use price movements, patterns, structures and indicators such as moving averages and oscillators. Trading intelligence is combining multiple knowledge to produce a favorable trade setup and plans.
Inverted Head & Shoulder forming in Deutsche BankHuge inverted H&S pattern continue to form on the weekly graphs of Deutsche Bank, which suggest a buy opportunity if the price rally to the neckline level of 20.71. A good stopping level is at the most recent gap up at 18.00, while target price can be set at 30.41, thus 4.7 to 1 reward to risk ratio.
DEUTSCHE BANK - technical analysisAfter the tough time, Deutsche Bank had last year, facing a U.S. lawsuit (...), the stock is finally recovering and we are likely to see a strong appreciation in value during 2017. As the price development suggest, Deutsche Banks's stock price usually follows trendlines for a fairly long time. Moreover, price movements most of the time follow a linear function and therefore do not change their direction very quickly, relative to the percentage of price change. Considering these two specific patterns of behavior, the current situation indicates that the price is going to move along with the ascending trendline below, towards the crossing point with the higher descending trendline. From there on, due to the restructuring over the last year and the in-depth change in strategy, cutting costs, reducing risk and focusing more on major clients, at Deutsche Bank, the odds for a breakout above the descending trendline and a continuing upwards movement are pretty good.
Deutsche Bank Weekly Update (21/4/17) * Can Swing back to $12We are seeing the signs of weakening again in this stock counter.
With the possible more and more disappointing quarterly results, it should on it way down to $12 level.
$11-$12 regions is where another formidable support awaits.If that regions get broken, all the Hell will breaks lose.
let's see.
s0nic
DEUTSCHE BANK wave 4 might be over.There are increased chances that wave 4 was complete in Deutsche BANK right on the 38% Fibonacci retracement. The recent decline from 19.79€ is impulsive with 5 waves complete at 17.07€. I expect a bounce towards 18-18.50€ for wave 2 and then a strong wave 3 downwards targeting 15.50€ first and then 13.80€. Stop for this idea is the recent high. Confirmation will come with the break below 17.07€.
