mojeauxgrey
Long

10Y Treasury Note (TNX) showing a rising wedge

INDEX:TNX   10-Year Treasury Note
119 0 1
Disclaimer - I am a Newb Trader so no h8ers, plox Kthnxbai.

I used the ABCD tool to show a outline a rising wedge whose terminus coincides with the release of the FOMC minutes. This would suggest a short in the short term (until Dec 17) and long in the long (after Dec 17). Always good to take profits and wait for the minutes, though I suspect we'll be rudderless until then.

On the weekly I can see what looks like a Head and Shoulders forming. If the above reversal does occur the neckline is around 2.45%.

~m
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