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Strategies & Market Trends : TRIPLE TRADES -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (1973)	12/9/2021 7:27:55 AM
From: Bull RidaH	Read Replies (1) \| Respond to of 4446

10YR USTREASURY - The topping pattern from last year, which I have labelled as a "Fortress Top" since my early trading days of the late 90's, initially targeted 134'77 for a tradeable low. After breaking below that number early on 2021, what should have been a floor became the ceiling on an immediate rally attempt, as well as a subsequent rally attempt during the summer. Once these projected targets give way, the expectation calls for a 2X length of the original projection. With this type top, the 2X move targeted 129'48. The contract bottomed 2 ticks above on 11/24, at 129'50, and had a spirited rally to 132'55 before this week's pullback. Short term, a megaphone pattern has evolved, and I expect the 130'02 support level to hold on a closing basis for now.