Bund - Interesting set-up could suggest deeper correction ahead.

The Bund (German 10 Year future) rally may be petering out, the past few days has seen a sharp correction from last weeks high. There are indeed signs that it may be preparing for a deeper correction. (Which would presumably favour further risk-on activity). - Before I outline my thinking, this is counter to a very strong trend, and may merely be a pause within that trend, however, there is much to suggest that a deeper correction is a good possibility.

The Chart below shows the Daily Continuation Bund Future.
Here are the technical signals:
1) Major trendline break.(Yesterday)
2) Bearish 3 Crows Pattern.  (Past 3 days). - (Follows a similar pattern 2 weeks ago)
3) Potential Double Top Pattern (Needs a high volume break of 135.12 to confirm)
4) Strong Bearish Divergence on momentum. (Triple divergence on RSI, Double on MACD).

The Double-Top Pattern is not yet confirmed, but if it was, it would also be the first significant lower low since April and would strongly suggest that the trend has turned for now. - Note, unless and until it is broken, then the trend is higher still, and the current price action is a consolidation.