ZB1! (10 Year T-bonds ) , H4 Bearish drop
Type: Bullish Rise
Resistance: 156'01
Support: 152'02
Pivot: 150'15
Preferred case: With price expected to bounce from the stochastic indicator, we have bullish bias that price will rise from our pivot of 150'15 in line with the horizontal swing low support to our 1st resistance of 156'01 in line with the horizontal pull back resistance and 50% Fibonacci retracement.
Alternative Scenario : Alternatively, price may break pivot structure and head for 1st support at 152'02 in line with the horizontal swing low support.
Fundamentals: With the uncertainty of the RUSSO-UKRAINE conflict and the implications on the US economy due to increase increase sanctions. Bond prices will continue to increase as increase frequency of rate hikes seems more unlikely. As fundamentals and technicals align, ZB1! might be a good opportunity to look into.
Resistance: 156'01
Support: 152'02
Pivot: 150'15
Preferred case: With price expected to bounce from the stochastic indicator, we have bullish bias that price will rise from our pivot of 150'15 in line with the horizontal swing low support to our 1st resistance of 156'01 in line with the horizontal pull back resistance and 50% Fibonacci retracement.
Alternative Scenario : Alternatively, price may break pivot structure and head for 1st support at 152'02 in line with the horizontal swing low support.
Fundamentals: With the uncertainty of the RUSSO-UKRAINE conflict and the implications on the US economy due to increase increase sanctions. Bond prices will continue to increase as increase frequency of rate hikes seems more unlikely. As fundamentals and technicals align, ZB1! might be a good opportunity to look into.