ZN1! trade ideas
BUY ZN!there are several indicators that show that the ZN is going up
it is at the top of the vwap as you can see and with good volume
ZN VERY HIGH RESISTANCE 13130; IF IT BREAKS THE RESISTANCE WITH FORCE AND WITH A LARGE VOLUME, WE WILL HAVE A VERY STRONG PURCHASE SIGNAL.
ZN 10yr. futures at strong supportZN 10 year futures are testing strong support on the Yearly S1 pivot points.
Elliott Wave: 10Y US Notes Is Finishing Five-Wave CycleHello traders!
10 Year US notes made a bigger decline recently, a clear impulse weakness down from start of the year which can be coming into late stages as we see price in wave five, but with room for 130'00. At the same time we see divergence on the Elliott wave oscillator, but with room for slightly more weakness to complete wave 5 cycle with a potential divergence.
10-YR. Using Fib's as sell zone.If you're late to the party, like I am, 10-year has been getting ridden way down in '21.
I see the 'M' reversal double bottom. There are some subtle signs of bullishness, including flattening 200 MA.
It's been a steep downhill run, and I would expect the momentum will continue with another spike low. but. every trend comes to an end.
I would much rather be the one pushing the boulder than catching it, so I'm looking to sell in the upper Fibonacci area. Seeing as sellers have been letting price get pretty high before displaying control recently, This keeps me less interested in the .5 level. Also, my risk manager can't tolerate using the .5. Too much volatility.
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Anybody else's crystal ball come out differently?
