down impulse is abvious so we decide to play for short setup and se the reaction
Looking at the 30 years. There seems to be a lot of movement on the bond market that the financial media has been totally ignoring! The bond yields reached a high of 3.46 November 2 2018! These heights were broken when the price broke and Closed below the 3.4 level The current yield is showing an uptrend. The uptrend is an extension of the Fibonacci area.
Bearish Bat of very late November gave a D point sell with a Median-line confirmation. The resulting sell-off blow through traditional targets stopping at .886XA and a 1.5 extension of the Median-line. Look for USD strength here vs the JPY. S.