Downward trend in ZF Short

5-Year T-Note FuturesCBOT

Description

⋅ Aug 17, 2021 1:26 AM

After an impulse to the downside, 5year notes went sideways for several moths, corrected 50%, and presumably made an initial small impulsive wave lately to begin the second leg down. Will it be a third or a C wave is yet to be established.

Should stay beneath the magenta MA though.

Comments

Fox_Technicals

⋅ Aug 22, 2021 8:41 PM

Really like the idea of this one playing out, gonna keep a close eye on that 124 level next couple weeks