MarketIntel

Deutsche Bank: Strong outlook 💊

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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 14.63₮. 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 8.34₮ and 5.60₮, from where strong gains would also be imminent.

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