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German BUND possibly and temporarily bottomed after strong recovery for wave A back in 2023, followed by a deep but overlapping -W-X-Y correction. We see that as wave B so if wave C is now underway, then five subwaves should take us above yearly highs.

Currently we are tracking a pullback in subwave (4) that can be a bullish triangle pattern before a continuation higher for wave (5) of 3 towards 140 area.

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For more analysis like this you may want to watch below our recording of a latest live webinar streamed today on September 23 2024: 

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