10 year T-Notes (ZB1!) H4 potential for bullish bounce
Title : 10year T-Notes(ZB1!), H4 potential for bullish bounce
Type : Bullish bounce
Resistance: 159'04
Pivot : 156'05
Support : 155'02
Preferred case: Price is near pivot level of 156'05 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection. Price can potentially go to the 1st resistance level of 159'04 in line with 78.6% Fibonacci projection. Our bullish bias is supported by the stochastic indicator as it is at support level.
Alternative scenario: Price dip to support level of 155'02 in line with 50% Fibonacci retracement and 78.6% Fibonacci projection
Fundamentals: With RUSSO-UKRAINE conflict escalating , Treasury prices may increase as investors look into safe haven assets. As fundamentals and technicals align, it is a good opportunity when looking in to ZB1! .
Type : Bullish bounce
Resistance: 159'04
Pivot : 156'05
Support : 155'02
Preferred case: Price is near pivot level of 156'05 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection. Price can potentially go to the 1st resistance level of 159'04 in line with 78.6% Fibonacci projection. Our bullish bias is supported by the stochastic indicator as it is at support level.
Alternative scenario: Price dip to support level of 155'02 in line with 50% Fibonacci retracement and 78.6% Fibonacci projection
Fundamentals: With RUSSO-UKRAINE conflict escalating , Treasury prices may increase as investors look into safe haven assets. As fundamentals and technicals align, it is a good opportunity when looking in to ZB1! .