As expected, the pull back worked, Price retested Kijun Sen, which again proved to be a strong bearish support.
Bund is still a sell. The 5th bearish wave has started today. Let's see how deep it goes.
However looking at the weekly chart, I have the feeling that we will see some normalisation in volatility. That means we'll see less agressive moves, and maybe smaller Heikin Ashi candle bodies and/or shorter wicks. HA Candles may start to form a pattern of consolidation within the thick weekly Kumo, ard the 100 WMA. In case later it pulls back higher, I'd still be a strategic seller close to 154.
p.s.: I closed my counter trend long in time, but as I am just back from my holiday (still earlier a bit than originally planned), unfortunately I missed this sell opportunity ard 152 this time. I have no position in Bund right now.
Bund is still a sell. The 5th bearish wave has started today. Let's see how deep it goes.
However looking at the weekly chart, I have the feeling that we will see some normalisation in volatility. That means we'll see less agressive moves, and maybe smaller Heikin Ashi candle bodies and/or shorter wicks. HA Candles may start to form a pattern of consolidation within the thick weekly Kumo, ard the 100 WMA. In case later it pulls back higher, I'd still be a strategic seller close to 154.
p.s.: I closed my counter trend long in time, but as I am just back from my holiday (still earlier a bit than originally planned), unfortunately I missed this sell opportunity ard 152 this time. I have no position in Bund right now.
