FGBL1! trade ideas
Keep your portafolio saveAs the ZN, the FGBL can be also a good asset to buy or keep in your portafolio if the second seller wave are confirmed
Pull back - Two gaps to be closedAfter closing one or the two gaps left on the past, bullish again.
Synchronized with the Deutsche Bank
June Bunds lower into 166?Observing an simple abc correction down between 17/4-20/4 followed by an X-wave, terminating close to previous wave b. From there, I'm anticipating another correction, starting with a leading diagonal into ~166.30, then retracing close to the previous 4th wave (from the leading diagonal). This means we should head lower in Bunds in 5 waves.
Wave equality between wave W and Y lies around 166.28, and at 165.81, wave Y is 161.8% of wave W. Inside wave Y, wave c equals wave a at 165.97. So from a short term perspective I'd rather focus on 166.28, and if that level breaks, the range of 165.81-165.97 comes into play.
Wave count becomes doubtful if Bunds break above 166.73. Bear in mind a leading diagonal would ideally retrace back to 61.8%, which lies around 166.82 and one could count the price action since 16h00-21May2019 as a regular flat correction, currently wave C into 166.82. A move above this level makes the analysis invalid for me.
SHORT ON BUNDS IN MEDIUM TERM?If my count is correct, we should see 10yr German yield blowing up in the coming years with price target around 132+ by 2023.
Any comments and critics are welcome.
