Deutsche Bank AG (XETRA) Analysis, Chart, and Trading Idea

#DBK
 

The trend is descending. The uptrend truncated wave structure is traded in the range between 365 and 135 ЕМА. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.
 

Trading idea:

Sell at the formation of the descending wave structure, when the (A) wave breaches the sloping channel of the ascending wave structure

Stop-Loss: under the local minimum of the ascending structure

Target price levels: 9.370, 8.800