ZN1!RANGE which lasts several days in a row. Caution I prefer to wait for the confirmation of the breakout of the latter to act.
ZN1! trade ideas
ZN Tnote-10Y american tresury still going upNo place for selling the ZN, from 2001 it is following an ascending trend as shown in the figure. The patterns (double top & head and shoulders) I drew show that every time the market exit the canal, it goes back right after.
As the ZN is slow, I believe that after a long time, prices will reach the middle dotted line, and if the volumes help, I expect the market to reach the upper line of the canal. Otherwise, It would bump into the middle dotted line.
But in all cases, I recommend to BUY the ZN
Zn is boughthello friends, I come to you with a very rigorous and relevant analysis of Zn because it is one of the heaviest and most liquid markets in the world. since october 2018, the zn is in an uptrend it also broke with a great energy 135.12.0 which represents the maximum value that the zn has reached since 2011 moreover it is now above the value 139.22.5 which represented resistance since April 2020 so Zn's target for August is to reach 140.23. 5 but after reaching this value two senario are offered for the Zn either it rises sharply or it drops sharply, for the moment the zn is recommended for purchase.
Best Way to Trade Bonds After the FOMCBonds have broken out above relative highs and seem to be stalling about midway to the next level. The next level is 140'18 right before all time highs at 140'25. ZN is currently having some trouble with 140'06, which seems to emerge as a new technical level. Watch for a retracement here before bonds ascend more. The Kovach OBV is very strong, but the Kovach Chande is dipping indicating we may have a buying opportunity soon.
ZN1 long position on the 30MI see a strong bullish movement that takes the trend up which confirms a strong buy position.
I do not recommend going short now.
Break of trading Range + huge volumesI publish this Idea to reinforce my previous analysis on this market, by looking at it from a large perspective.
Since a breaking of a trading Range, the ZN (10 year T-note) reaches a new historical high. the breaking of the rectangle has been done by a huge volume (17 M).
However, obviously, I expect the market could slow down if volumes aren't helping the ascending behavior.
Ascending Triangle in 10 year T-Note The Market is compressing after having formed an ascending triangle.
So my expectation is that it could continue going up if it breaks the upper horizontal line of the Triangle.
Keep in mind that this market is slow (works in 30min), but it's a huge market looking at the amounts of money inside it.
