IvanLabrie
Short

Bund: Rising wedge spotted

FX:BUND   Euro-Bund
Bund's forming a rising wedge advance, which looks like a terminal pattern ending in a lower high.
A similar pattern is in the TLT             chart, and probably also forming in the S&P500             in the coming days.

Time at mode trend signals have failed and led to a retest of the mode, and a new uptrend signal, and then a second one confirming this week after the close. I like how Rgmov isn't confirming this advance, so I'd be waiting to short the top, which promises a very sharp resolution to the downside, possibly retesting the 148 to 138 zone, making yields attractive again once there.

This setup will take patience, but keep a close watch of it, the timing might be way faster than what the trend signals suggest, and might merely be a matter of reaching the target prices. Entering the zone between 159.34 and 157.88 would give me enough incentive for a short already.

Good luck,
Ivan.
Comment: 3 inside weeks in a row...big move coming, probably up.
Trade active: Reached target and it's a short as expected.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out