Possibile projection of inverse head and shoulder height
Short EuroBund Limit Order 167,78 Stop 167,93 TP 166,91
above here targets are 165 and 167 in extension
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...
We can talk about all fundamental factors and how they can effect the bond prices and so on... But this monthly chart look like traditional Elliott wave pattern from the book. Now we see major impulse pattern have finished the 3 (blue) wave and shown first corrective wave. If the ECB will make unexpected moves it could force the last corrective wave down. There is...