Bund: Bearish Crab Formed, Potential Head & Shoulders Breakdown FX:BUND
The Bund has recently formed a bearish crab pattern on December 6th at 136.42, which triggered a pullback. It's worth noting that this level coincided with the monthly fractal resistance from August at 136.25, a key zone that could lead to a significant rejection. With the new support established at 134.38, we are now at a critical point where a head and shoulders pattern may start to develop. If this pattern completes, it could push Bund back to 132.46, marking a strong bearish move after a previous momentum surge.
Key Highlights:
Bearish crab pattern formed on December 6th at 136.42, triggering pullback.
Testing the monthly fractal resistance at 136.25, which could provide strong resistance.
New support at 134.38 acting as the neckline for a potential head and shoulders pattern.
Right shoulder of the pattern still forming, but a break below 134.38 could lead to further downside.
If the head and shoulders pattern completes, Bund could drop to 132.46.
BUND trade ideas
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BUND-STREET SMART PLAY BY lINDA RASCHKE2/3YR FCL: Bund Made First close below the Sma, on 2 and 3 Year time frame hence expecting a Bullish retracement
15/16M:RTM: This a Consolidation Pattern, formed my simple or complex consolidation both on 15 and 16 Month Time frames
8M:HOLY GRAIL: This a Retracement formed to the EMA after close off the kelner, See street smart by Linda.
Note that 6 Months is Ranging below the Range of 2-3 Year First close candle, however small time frames are playing off the Bullish trend
1w" Extended Rund
2days, extended Run, expecting Bullish trend
Bund ProjectionsSometimes a drawing can speak better than words, or at least present an idea in a better and more efficient way. This project involves projected tendencies and forces that might affect the price, represented with the curves as attractors and influencers with their respective arrows pointing the direction of the potential simulated pressure applied to the tendencies of the market.
Rectangles are projected potential support and resistance in their respective time zone. The white one is different, the exception to the rule, but it could end up having some interesting price action near it (/if the price reaches that zone).
The purple cross is interesting with it's time stamp for a potential time zone of interest, while it's marked price level could be relevant if the price reaches it in this project. Orange rectangle is the wild card which could end up being irrelevant as trying to predict potential simulated scenarios of evolution of price action is not a concrete and exact science and we deal with probabilities and tendencies.
The purple monster curve wishes to be the big kahuna of the project if it ends up being a success, meaning relevant price action is to be watched near it. All elements can provide signals through Japanese Candlestick analysis and hunt for inflection points / reversals, but the purple one could be the big showdown whether it is a bounce, or a break and retest, the function of the curve is applied with the intention of catching as many as possible potential simulated scenarios and unfoldings of events.
Nen projects are for recreational purposes only and the authors are not liable in case of loss of capital caused by the trading decisions inspired by them. Every trader is responsible for his own trades and decisions. May the force of profits be with you!
Catch the daggers!Its been a downward spiral for Euro-Bunds, and bonds since last year. We have two monthly SSB at 153.60 and 152.40 so looking to play an early bounce here. Its catching knives so position size should be reduced and only add when confirmed. Buy stop as always just above Friday's close. Ultimate target is 162.50 giving R of 5.
still buystop on high is powerful sl below low (if price break low,can start new down trend,so dont remove SL)
this gap must fill soon or late
advice= for next days looking for buy on germany index dax gold silver(have powerful buy signal now) ,,,,looking for sell on nasdaq until 13300 then looking buy
FDAX1!
NQ1!
GC1!
SI1!
#Bund and 10y Note may face further selling pressureIn case Bund fails at Kijun, and can't recapture the bullish trend, it will drop to 173-173,60 zone into the cloud.
Watch for further indication of momentum: a cross down of haDelta+ and haOscillator at their mid lines would be a bearish indication.
The same is true for US 10y Note (ZN) with 138'05 possible short term target. Surprisingly the two move together exactly in same way. (Not much change in 10 year yield spread)
EUR BUND - What's next?BUND
I like to compare the currency euro with its bond market the bund. Why?
Simply looking at the macroeconomic front of countries as we had strong PMI's this friday come out from European countries, bunds is focused to Germany which you could of took scalp or swing trade towards the positive outcome. Whilst looking at the fundamental aspects i'd reflect that towards euro currency pair performance with bunds and as well as that start of the week, we had positive aspect of EU recovery fund deal go through. Whilst comparing this, try this with dollar index currency. I find Bonds are more of long term invest in my opinion -
My portfolio view overall: Don't put yourself in one instrument, explore wide variety to build a stronger portfolio.
Just a trade idea, not a recommendation.