Bunds, Is The Uptrend Over?
Updated
Bund chart tells us that bulls should be extremely cautious. Price has reached the upper band of the channel and after a sharp decline, a corrective 3-wave up move is formed which warns of a steep slide ahead.
Good luck,
Ali Sharif Azadeh, CFTe
Good luck,
Ali Sharif Azadeh, CFTe
Note
The 'steep slide' I expected happened on early September when ECB disappointed. I have added a new analysis.
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