venckusarunas

Euro Bund in reversal zone

EUREX:GG1!   Euro Bund
The market have got into the possible reversal zone projected by Fibonacci external retracement levels. This zone also contains major and minor trend line cross. Fibonacci time extensions from last medium degree highs pivots as the wave B and wave 1 appear to match possible reversal day with in the wave ( iii             ), and previous highs of wave (3) and wave 1 Fibonacci time extensions show that price is in zone of 138.2 - 161.8%.
As we expect the price to go into correction after reversal in previously discussed zone there is support zone of the correction end projected by Fibonacci retracement levels and pattern invalidation level.
This is the minor degree corrective pattern expected to follow. Thus we do not want to trade it. The idea is to wait and look closely for the correction to end and as it unfolds we can project smaller reversal zone of time and price zone.
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
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
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out