I am currently following the day to day updates of the Deutsche Bank I believe lessons gained from watching it would be tremendously beneficial. No one knows the real bottom of a stock unless they are part of the board. Sp what’s left for normal traders like us. I would like to share my favorite low recovery pattern.
Currently, Deutsche Bank is trading at $12.90 waws. Now if Deutsche Bank start to drop from this area, I would be a happy camper. The most important point going forward is to see if Deutsche Bank would be making a new low. If it drops but fail to make a new low, that’s signal 1 for buy. The strongest buy would come when the highest high market by the red resistance line is broken. So lets watch the price action unfold.