MarketIntel

Deutsche Bank: Strong outlook ๐Ÿ’ช

ืœื•ื ื’
XETR:DBK   DEUTSCHE BANK AG NA O.N.
Having completed the green wave B with its high in the last week of July, Deutsche Bank is now in a small correction that will complete the orange wave ii. Once this correction is over, our primary scenario is for a strong uptrend to break through resistance at 14.63โ‚ฌ. If the price continues to fall, our alternative will be activated. According to this scenario, to which we assign a 35% probability, the price would move into our green target zone between 8.34โ‚ฌ and 5.60โ‚ฌ, from where strong gains would also be imminent.

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