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a1Keith
May 30, 2018 11:39 AM

Short 30y bonds Short

U.S. Treasury Bond FuturesCBOT

Description

There was a precise and vigorous rejection from the upper parallel of this descending Modified Schiff pitchfork

Stop above previous high at 147-00
Enter at 144-25
Take profit at 140-00
Comments
a1Keith


A huge spike up several hours ago followed by a rapid retracement. This is another entry point for those already not in the trade
a1Keith
15 minute chart showing the ascending channel with H&S pattern . Currently at the lower parallel of this ascending slope. Ideally it will breach this slope and trade under it within the next two hours.
Otherwise I will reassess


a1Keith
The daily chart showing the A point


a1Keith
@a1Keith,


Retracement here provides another good entry now at 144 00
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