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Strategies & Market Trends : TRIPLE TRADES
OPEN 6.070+4.1%Jan 2 9:30 AM EST

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To: Bull RidaH who wrote (2759)10/19/2022 5:46:34 AM
From: Bull RidaH  Read Replies (1) of 4434
 
30 Year UST Yield - Took over 2 years to arrive here from the Summer 2020 lows in yield, but as of yesterday’s high, the 30 Year Yield finally reached the completion of a full pitchfork move, as seen below. This is USUALLY a great spot to unhook from the trade in the direction of completion (short bond price / long yield), and even bet on a reversal.



However, 2 closes above the upper pitch fork line would yield a 48 hour trade set-up, where you go long the 3rd day’s open, and close and reverse on the 5th day’s open. Here’s the chart with today’s bar clearly above that line. Let’s see how this develops!

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