A Turn of Fortune for European Banks


European banks – H&S bottoms forming in major banks

Huge H&S bottom patterns continue to form on the weekly graphs of some major European banks.   UBS, Credit Suisse and Deutsche Bank are shown in the charts below.

UBS traded through its neckline, but the ex-dividend adjustment put prices back under the breakout level. Factor is flat, but I would consider buying UBS if it climb above 18.01.


European Banks – UBS

European Banks - UBS - Factor - Peter Brandt


European Banks – Deutsche Bank


European Banks – Credit Suisse





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