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.
