Short the near term bond
Updated
If anything a short sell would have been optimal on the corner as price action may move lower as this price action appears peaked. An entry point at the next upper median line would offer good risk return because a buy stop would have structure behind the proposed entry with significant return opportunities. This would mean that short term interest rates would rise and result in a pressure on the economy for this trade to work.
Note
price action remains inside the path of price. Providing a great Jan 30 short sell entry point near 85.10
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.