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.
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