Bund Steps

27 окт. 2023 г.

A simple representation of potential support and resistance zones (larger rectangles) projected in time, meaning once the price is past their time zone, the price levels might not hold the same amount of relevance. Looking for price action with potential candlestick patterns for reversals (pivot points), also looking for candlestick shadows at the shapes.

Small rectangles pose just as milestones or guiding elements for potential price tendencies. Icons are usually potential price predictions/projections in time but a hit is not required.

Considering the overall picture the main scenario might suggest resistance zone at the red rectangle, and support level at the blue, with overall tendency pointing upwards through the orange rectangles toward the Target Icon. A short at the red might be too bold for the swing trader even though the recent general move was downwards, from 133 to 127. The blue rectangle is also quite low, and there is the possibility of having a pivot point above it, without it ever being touched.

This is a continuation of the previous Matrix project on this market. (Linked Idea)

3 нояб. 2023 г.

Заметка

Just a little bit of ping pong at the red rectangle.

6 нояб. 2023 г.

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A little bit of a rebound from the upper edge of the rectangle.

13 нояб. 2023 г.

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The proposed red rectangle as a zone of influence for support/resistance was pretty accurate. With it now being over, there could be 2 possible scenarios. A pullback as suggested in the initial idea, without touching the blue, followed by a continuation upwards, or a run for newer highs.

17 нояб. 2023 г.

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A little bit of a rebound at the marked price level. Looking forward to see if this keeps heading upwards towards the icon.

22 нояб. 2023 г.

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Pivot point near the time stamp and back at the red marked price level where a rebound occurred again leaving two candlestick shadows right at it. The bullish scenario still holds.

27 нояб. 2023 г.

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Interesting comeback from the second orange rectangle zone.

28 нояб. 2023 г.

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3rd rebound from the marked level which needs to be broken if the main scenario is to be accomplished

29 нояб. 2023 г.

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The red marked price level has been broken and the level of the green target icon has been reached sooner than expected.

30 нояб. 2023 г.

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Don't want to ruin any bull party, but there is a small "storm" of a bearish candlestick potentially forming on the Daily Chart that might signal a potential turning point in the evolution of this instrument. Any long positions should be carefully analyzed, monitored and managed according to any discretionary strategy. Proceed with caution. Turbulent times might unfold with a little help from the Butterfly Effect that implies that any snowflake, can start an avalanche. I am not saying Bund will drop, just saying that anything is possible. I don't think the green dot will be hit, regardless of the unfolding future (past for me) scenario. I am alien from a black hole (/box) teaching you a lesson on non duality and the mechanics of the Universe of Financial Markets through encrypted messages for the ones willing to decipher: we swim in waters of Sharks and Whales, and when one of them moves, the whole Ocean might experience a Tsunami. :)

11 дек. 2023 г.

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Was the green icon time stamp a pivot point? I don't know. I added another "step" in this project which could be more of a resistance zone than just consolidation period.

13 дек. 2023 г.

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Red rectangle reached. Adding one more step in this project. If it gets hit as well, we continue with another one. :)