Elliott-Wave Overview: 3-waves (A-B-C)...>

BUND TECHS: Elliott-Wave Overview: 3-waves (A-B-C) have unfolded since Sep 3

with the broad pullback in its 3rd and potential final wave. There are some

early signs the decline is in its final stage.

- Firstly, 5-waves have unfolded since Sep 25. The most recent wave-5 has traded

down to 170.56, Oct 28. Points of note are: 1) Strong support exists at 170.29.

This is the 1.00 progression of wave-C in relation to wave-A. In wave terms,

this is known as equality. 2) Bullish divergence between price and momentum is

developing. This is a very typical relationship between price and momentum when

a trend enters this 5th and final wave. 3) Futures have not followed through on

the recent sell-off and the 170.29 wave progression remains intact. If prices

can clear 171.96, a base will likely be confirmed.

-Link here: https://emedia.marketnews.com/marketnewsintl/Bund.JPG