Deutsche Bank Antientgesellschaft for November 2016

With Sept being a LOW turning point, DB should go up for the month of October with November being the next major turning point. 

I don't know if November is a reversal of October or not. 

Now is a pretty good time to buy in, but it's at a PP high, but on the weekly it looks like it's about to come into a buy signal.  I think I will go ahead and get in on this one.  Probably a couple clicks out of the money to reduce my total investment.

Remember the price "limits" from the previous post.  A weak limit at 15.50 and a stronger limit at 17.90. 


quoting:
"Support lies at 8.55 and this is really important. We have reached 11.19 so far and resistance overhead will stand at 15.50. The primary target for a major turning point still appears to be 2017 whereas 2016 could produce the lowest yearly closing."


"Whatever we get in 2017, should be followed by the opposite direction into 2019. This means a rally into 2017 without making a new low under 2016 levels, would most likely result in a Knee Jerk reaction high (one time unit). This becomes possible only if we exceed the 15.50 level. Even that is minor for the Monthly Bullish Reversal really caps this stock standing at 17.90 warning it is not over just yet."


Ultimately, this paragraph confuses me a bit.  Perhaps the November high will be 15.50 or 17.90, and then fall?  8.55 is potentially in the future.  I guess we'll just worry about the yearly chart as 2017 gets going.

I think we'll probably hit a high in 2017 and a low in 2019.  The only thing we should bank on probably, is getting the opposite in 2019 as we do in 2017.  That is a nice explanation on how these work, so our low in Sept should be followed by a high in November.