Five waves off the bottom could signal the end of the sell off in German 10Y bonds. Now we need to see an a-b-c correction to confirm that the bottom is in.
Hello traders and investors!
Today we will talk about German Bund, where we see very interesting support level after recent bond market crash.
As you can see, bonds are sharply down and if we take a look at German Bund monthly chart, from Elliott Wave perspective, we can still see a corrective decline within higher degree wave (IV).
From technical perspective,...
Hello ladies and gentlemen, according to my graphical analysis Of The EURO BUND FUTURES, there is a high probability of drop to the 157.59 level in the coming weeks.
After one of the most hawkish meetings in quite a long time from the ECB where they outlined a faster pace of taper and dropped their language regarding rate cuts, we thought that we would take another look at the Bund chart.
We are taking a look at the long-term Monthly chart of the Bund continuation contract and we can clearly identify a top on the chart (looks...
As traders unsurprisingly head to safe havens, one of the biggest movers has been the bond market, which has seen a vicious rally higher. I am having a look at the bond market this morning. How far will this rally go? This is a tough call to make but given the overhead band of resistance, which the market has reached, my suspicion is that we should at least see a...
