The_Cannalyst

Update: Euro Bund @ make-or-break-level

Short
EUREX:GG2!   None
9
The downtrend is still active. If Bund is trading above ist the last "3?" , the downtrend would be negotiated. Then the EMA 200 is the Level to watch! This will be the next Make-or-Break-Level. IMO, the downtrend will be enforced. A shortterm-short-signal woul be generatet when bund is trading below ist joungest Low @ 150,2. The target is 148,75
former Analysis: www.tradingview.com/...make-or-break-level/
Bund Future has reached ist downtrendchannel upper edge @ 152,65. This ist the Level to watch.
The edge is located near the fibo-retracement 38,2% - the minimal-correction-level.
-Should Bund Future could not break this resistance @ 152,65 (possible new "3"), the next downmove will reach the last low @ 151,2 in a first step and from then a downwave to the trendchannels bottom edge @ 145,5 should be planned ("2?")
This target will be active with Prices under 148,65 Points.
-Prices higher than 152,65 would generate a first target @ 155,2 (the old valid "3")
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