Global Banking Critical Trendlines Watchlist (I)

Quick count as of 2 January 2024: 3 out of 9 already broke trendline.

UBS Group (UBSG. SIX): broke down on 16 April 2024.

See also: Short memo pt.2: Banking Mad Cash Injection Miracle Is at Its End (UBS, The Canary In The Mine) - 9 Apr 2024

Deutsche Bank (DB. NYSE): still holds

Societe Generale (GLE. EURONEXT): broke down on 2 August 2024

Unicredit (UCG. MIL): still holds

See also: The Gold Bugs' Twilight = The End of Equity Bubble – 22 Oct 2024

JP Morgan – “The King” – (JPM. NYSE): still holds. The King will be the last one to break.

Bank of China (601988. SSE): still holds

China Construction Bank (601939. SSE): still holds

Bank Mandiri (BMRI. IDX): still holds

Bank Central Asia (BBCA. IDX): broke down on 19 December 2024. Needs lower low from 9.550

For Elliott Wave scenario discussion, see also The End of Ending Diagonal for Indonesia Largest Bank BBCA (Bank BCA) – 14 Apr 2024