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.
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A nice 11% Gain the last 4 Days. Here my update:
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Possible Count 2:
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Count 1: Targetarea Wave 5 of 5 of C in Feb. 2019 = 4 - 8 Euro
Count 2: Targetarea Wave b of c in Feb. 2019 = 14 - 18 Euro Targetarea Wave 5 of c in Feb. 2020 = 6 - 11 Euro
Update Count 1:
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Is the Low coming?
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I am not allowed to consult here, this is reserved for your personal investment advisor or bank. From my point of view, there is still a new low as I recorded it in the chart. And even if the ground is already in, it is always advisable to wait for the first impulse (12345) and to build up its position in the subsequent return (abc-correction) (BUY).
According to DAX movement you think there is still a possibility to go to 12 first before going to 4-6 euros ?
StefanBode
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@ChristosRammos, Yes, thats possible. I think in the days ahead we will see the direction. Will the red line be broken permanently or will rumors come up again for a merger? I dont know at the Moment but open for both direction.
StefanBode
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@ChristosRammos, I am not allowed to consult here, this is reserved for your personal investment advisor or bank. From my point of view, there is still a new low as I recorded it in the chart. And even if the bottom is already in, it is always advisable to wait for the first impulse (12345) and to build up positions in the subsequent return (abc-correction) (BUY).
ChristosRammos
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It looks like wave 5 will finish at the area of 4 to 6 euros end 2018 Stefan and then a possible wave upwards to 16 euros before the final downturn Dont you agree?
StefanBode
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@ChristosRammos, thats possible but look at my update, maybe we only finished wave B of 4. But than the Target area ist 4-6 Euro.
ChristosRammos
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@StefanBode, After abc movement to 11.28 it looks like an impulse wave ,subwave1 of bigger wave 5 and DAX looks like is heading down to 11500 dont you agree?By time wave1 to wave3 6 months end of wave3 to end of wave5 another 6 months which means end of 20018 Dont you agree?
StefanBode
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@ChristosRammos, I agree with you for DAX and Deutsche, but an other high is still possible and I only want to be careful in the next days what maybe could happend.
StefanBode
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@ChristosRammos, I agree with you for DAX and Deutsche, but an other high is still possible and I only want to be careful in the next days what maybe could happend.
ChristosRammos
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There is a possibility according to the last week"s candlestick( if the results of Q2 next week are bad) wave 4 count 1 which seems now more possible to start from the region of 8 euros going up to around 11 and then back to about 4 to 6 euros where it ends 5 of 5 of wave c
If the results of Q2 next week are good then we are now in wave 4 which will end around 11 euros and then back to 4-6 euros where is the end of 5 of 5 wave c
Dont you agree Stefan?