In this video I am going to show you why I think that we will have a major decrease in bonds price this year. This is due to the fact that we are currently trading in a wedge shape, or a so-called Elliot Wave Diagonal which is characterized by a 5-Waves-Pattern, of which every inner wave is shorter than the first impulsive wave.
Fundamentally spoken, I do assume that rate hiking might already priced in the current Dollar and Bond prices. Therefore FED rate hike announcement might be the catalyst for several sell-off waves.
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