InvestorEducation
Best Financial Markets Analysis ArticleIn our last update for the US Treasury Bonds (click here to view), one could observe a strong uptrend in prices.This picture has changed during the last two days as prices have come down significantly, and important price levels have been penetrated to the downside. The line of least resistance has turned to the downside for now. You can see on the following charts that if the price trades for 2 consecutive bars above the green line, rising prices are to be expected. Once the price trades for 2 bars below the red line, you should prepare for falling prices.
After trading below the red line, the 180min Chart on 30 year US Treasuries has turned bearish:
Naturally, the shorter term 3666 Tick chart is also bearish. It would take prices trading above the green line at currently 120'24 to turn the shorter term chart bullish again.
No comments:
Post a Comment