Swing Trade Idea - A Bank

By: readtheticker | Sun, Jun 12, 2016
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Elvis

Here is a stock that looks to make a move, it has just completed a consolidation pattern ready to swing on!

Would you but this stock? If so, then this is a chart of Deutsche Bank AG (NYSE:DB) turned upside down (inverted). So if you think this chart looks like a great long trade, then in real life you had better short it. Sometimes turning a chart upside down helps the chart reader to see the better view, because it is easier to look at stock in a bullish trend that those that are falling. Simple human nature!

Deutsche Bank Weekly Chart

Investing Quote...

"Every movement in the market is the result of a natural law and of a Cause which exists long before the Effect takes place and can be determined years in advance. The future is but a repetition of the past, as the Bible plainly states." ~ William D Gann

"Don't try to buy at the bottom and sell at the top. It can't be done except by liars." ~ Bernard Baruch

"The main purpose of the stock market is to make fools of as many men as possible." ~ Bernard Baruch

"To me, the 'tape' is the final arbiter of any investment decision. I have a cardinal rule: Never fight the tape!" ~ Martin Zweig

"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." ~ George Soros

 


 

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Author: readtheticker

readtheticker
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