Euro-Bund FutureShort
BUND - 4H - Breakout in progress?
Updated
Thoughout the last year we saw a constant bull market in the Bund. now it seems its finally time for a little bit of releave (also due to stronger indicies)
we saw an impulse breakout recently violating trendlines of the recent upmove. after that we corrected upward in a slow fashion. now another impulse down become more and more likly after the hit of the 618 retrecment. so look for trendline violations.
i think we will most likly see a gartley type form - so a spike up again after hitting the first targetarea but if you want a second target zone it should be somewhere down at the retest of the next major trendline.
we saw an impulse breakout recently violating trendlines of the recent upmove. after that we corrected upward in a slow fashion. now another impulse down become more and more likly after the hit of the 618 retrecment. so look for trendline violations.
i think we will most likly see a gartley type form - so a spike up again after hitting the first targetarea but if you want a second target zone it should be somewhere down at the retest of the next major trendline.
Note
trade is startin to set up. maybe tomorrow we can find an entry
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