ZB1! (10 Year T-bonds ) , H4 Bearish drop

Type: Bearish drop
Resistance: 153'11
Support: 150'16
Pivot: 151'30

Preferred case: With price moving below the ichimoku cloud , we have bearish bias that price will drop from our pivot of 151'30 in line with the horizontal overlap resistance to our 1st support of 150'16 in line with the horizontal swing low support and 78.6% Fibonacci projection .

Alternative Scenario : Alternatively, price may break pivot structure and head for 1st resistance at 153'11 in line with the horizontal swing high resistance.

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.
Chart PatternsHarmonic PatternsTrend Analysis

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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