I. Bearish Momentum:
The ZN bonds market has recently displayed signs of bearish momentum, with several key indicators pointing towards a potential downturn. One of the most notable factors contributing to this sentiment is the presence of strong seller volume, indicating that there is significant downward pressure on bond prices.
II. Seller Dominance:
According to my analysis there is an indication that the market in the next phase is bearish we will wait untill the confirmation like breaking the trend and we can sell in the market wait for the update
dear traders as we can see here we are in wedge zn react from 1141180 we have to wait good entry you should buy zn at114240 target will be in 150000 ih he break this support then you should sell but be careful from fake breakout
MBK method is very interesting, this is an important level that was broken on 08/25/2022, in zn and also in zb. The t bonds markets are tending to go down with this interesting configuration. this level was tested Three times, on 8 July, 11 July, and 21 July.
And in the case of a breakthrough, this is the important point or strong point that is considered a resistance zone, knowing that it penetrated a first point, and we can see a very strong acceleration upwards
Short term View in Ten Year Notes (ZN) suggests that rally to 120’16 ended wave ((4)). Internal subdivision of wave ((4)) unfolded as a zigzag Elliott Wave structure. Wave A of ((4)) ended at 120’04 and dips in wave B of ((4)) ended at 118’23. Final leg higher wave C ended at 120’16 which completed wave ((4)). Wave ((5)) lower is currently in progress with...