BTCBanker1

TBF heading higher: on the verge of major breakout!

Long
BTCBanker1 Updated   
AMEX:TBF   ProShares Short 20+ Year Treasury
AMEX:TBF is poised for a major breakout of its long-term downtrend channel short term bullish wedge . As interest rates continue to rise, TBF is poised to benefit. Both the fundamentals and the chart are beginning to align. I will be taking a position in TBF sometime this week.
Trade active: This trade idea remains active. TBF is breaking out of the wedge and the downtrend today. I will go long TBF at the close of trading on the NYSE (4:00 PM EST) if the price remains in a breakout position.

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