I think most of ppl think it is bullish, so I wont explain about bullish aspect.
This is bearish scenario.
Whether you think it goes up or down, I think it is valid for both perspective
This is bearish scenario.
Whether you think it goes up or down, I think it is valid for both perspective
Note
It seems everything goes ok for our short postion. I believe it is somewhat importatnt that our rejection was not 3905ish, but 3902.
Although our short postion was valid in both perspective(uptrend or downtrend), I think rejection before 3903 makes more sense for downtrend perspective.
Now,
1) the price just break down the wedge
2)Vix is holding uptrend
3)Difference between 10Y and 02Y is possible reversal zone.
I think If it cannot recover inside of wedge within one hour, I will be happy to see today`s US bond event xD
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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.