FGBL's upward trend ending !!Hello traders,
Let’s analyze the Euro Bund Futures.
I think we have an agreement that FGBL was taking an upward trend. The question, could this trend continue?
Since 5 June, FGBL reaches at each time a maximum (Levels 1,2,3,4) and decreases slowly again preparing for another maximum. But after pointing the level 5 of 176.89, it makes a sharp drop to the low level 6, and enter in anew trading range.
So, what can we conclude? We can expect that this upward trend is at its end. In fact, if the price breaks the trading range at the top, we will see a continuation of that upward trend.
However, if the break was at the bottom, we can expect the ending of that upward trend.
