WaveTrack International

Elliott Wave Financial Price Forecasting


by m.tamosauskas| August 16, 2012 | No Comments

Germany’s 10 year Euro Bund future spiked briefly below downside targets of 141.26 on the opening of today’s session with a low recorded at 140.78 but was quickly rejected with trading almost immediately pulling prices back above the Fibonacci convergence targets to confirm a reversal signature (see previous posts).

This contract is negatively correlated to global stock indices – it provides an excellent timing indicator not only for a return higher for the Bund, but a reversal signature to confirm the conclusion of the stock market counter-trend advance from the June ’12 lows.

We expect Germany’s 10 year Euro Bund future to accelerate upwards, whilst global stock indices should begin to react in the opposite direction anytime now.

(Become an EW-Compass report subscriber and see how this pattern continues to develop and what’s coming up in the larger time-series).



About WTI

WaveTrack International is a financial price forecasting company dedicated to the Elliott Wave principle and work of the R.N. Elliott. Clients include Investment Banks, Pension Funds, Total/Absolute-Return/Hedge Funds, Sovereign Wealth Funds, Corporate and Market-Making/Trading institutions and informed individuals -- & just about anyone who is affected by directional price change.

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