NicTrades

Bund bearish ABCD rally and bear flag.

FX:BUND   Euro-Bund
The rally from the 07 July low has reached the bearish ABCD measured move objective at 162.67. This is also the 200 day MA and strong resistance. The topping pattern and bearish price action suggest a reversal here and downtrend resumption. The rally from 07 July looks like a bear flag and a break down has a target of 157.20

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter