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Technical Analysis
Elliott Wave Analysis by EWF
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[QUOTE="Elliottwave-Forecast, post: 198417, member: 40858"] Deutsche Bank is a German multinational investment bank and financial services provider. It is one of the nine bulge bracket banks. Deutsche Bank is the largest German banking institution and is a part of the DAX index. Founded 1869 and headquartered in Frankfurt, Germany, it can be traded under tickers $DBK at Frankfurt and $DB at New York Exchange. After printing the all-time highs in May 2007 at 86.23, the stock price has lost more than 95% by March 2020. Currently, we see Deutsche Bank turning higher. [HEADING=3]Deutsche Bank Monthly Elliott Wave Analysis 08.15.2021[/HEADING] The monthly chart below shows the Deutsche Bank stock $DBK traded at XETRA in Frankfurt. From the lows, the stock price has developed a cycle higher in wave ((I)) of a grand super cycle degree. It has ended at 76.87 in January 2001. From there, a correction lower in wave ((II)) has developed an expanded flat Elliott wave pattern. Hereby, expanded flats are 3-3-5 structures which do a new high in price. First, from January 2001 highs, a first leg lower has ended in 3 swings at 23.99 in March 2003. Then, second leg higher in 3 swings has printed the all-time highs at 86.23 in May 2007. Finally, the last leg lower shows an ending diagonal which is an Elliott Wave 3-3-3-3-3 structure. Hence, Deutsche Bank may have ended correction in wave ((II)) in March 2020 at 4.45 lows. While above, a new cycle in black wave ((III)) is in the first stages and should reach towards the new all-time highs. The target for wave ((III)) will be 81.41-128.93 area and even higher. [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/08/DBK-Monthly.jpg'][IMG alt="Deutsche Bank Elliott Wave Monthly"]https://elliottwave-forecast.com/wp-content/uploads/2021/08/DBK-Monthly-300x147.jpg[/IMG][/URL] [HEADING=3]Deutsche Bank Daily Elliott Wave Analysis 08.15.2021[/HEADING] The daily chart below shows the advance higher in black wave ((1)) of red wave I from the March 2020 lows. Within it, subwaves (1)-(4) have ended. Currently, wave (5) is in progress. Once over, a correction within wave ((2)) should take place. It is expected to find support in 3, 7, 11 swings above 4.45 lows. Investors and traders can be looking to buy the wave ((2)) pullback for a rally in wave ((3)). [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/08/DBK-Daily.jpg'][IMG alt="Deutsche Bank Elliott Wave Daily"]https://elliottwave-forecast.com/wp-content/uploads/2021/08/DBK-Daily-300x147.jpg[/IMG][/URL] Source: [URL]https://elliottwave-forecast.com/stock-market/dbk-deutsche-bank-turns-finally-higher/[/URL] [automerge]1629216049[/automerge] S&P BSE Sensex Index Long Term Elliott Wave & Bullish Cycles The Sensex Index has been trending higher with other world indices. Firstly in it’s base year 1978 to 1979 the index’s point value was set at 100. From there it rallied with other world indices trending higher into the January 2008 highs. It then corrected the bullish cycle as did most other world indices. Furthermore it ended that larger degree correction in October 2008. From those 2008 lows, the index shows a bullish sequence that favors further upside. Secondly there was a less bullish alternative Elliott Wave count that had a target extension at 46844. This is where a larger black ((I)) could have ended. However price has since went way past there invalidating the thought putting it more in line with other world indices. In this case the Fibonacci extension is measured is as follows. Take a Fibonacci extension tool on a charting platform. Point 1 will be at zero a hypothetical beginning. Point 2 is at the January 2008 cycle high. From there on up to the March 2020 lows will be the point 3. This gives a Fibonacci extension area fifth wave target where the fifth wave would be equal to the wave one where a larger ((I)) could have ended. As price exceeded the area suggested in that view the momentum indicators also began suggesting this is a huge bullish nested series of wave one’s and two’s. The preferred analysis continues below the chart. Sensex Index Monthly Chart [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/08/SENSEX-m-8-17-21.png'][IMG]https://elliottwave-forecast.com/wp-content/uploads/2021/08/SENSEX-m-8-17-21-1024x494.png[/IMG][/URL] In conclusion the currently favored view in the Sensex index is as shown. It’s showing a nested Elliott Wave bullish cycle. It is in a larger wave ((III)) higher. From the 2008 lows there is a clear five waves up into the January 2020 highs as subdivided on the chart. The pullback in wave (II) into the March 2020 lows was very fast in time however while price is above the March 2020 lows the index should trade higher. Source: [URL]https://elliottwave-forecast.com/stock-market/sp-bse-sensex-index-long-term-elliott-wave-bullish-cycles/[/URL] [/QUOTE]
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