German Bund Approaching Support: Elliott Wave Analysis

in #elliottwave • 4 years ago

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, ideal support would be here at the former wave IV, 38,2% Fibo. retracement, base channel upper line and the 155 – 150 area.
So, be aware of limited decline and watch out for bounce and new rally within higher degree wave (V) soon.

bund.png

#bund #germanbund
4 years ago in #elliottwave by
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