Ishares 20+ Year Treasury Tumble with -15% crash ??On the above monthly chart price action has seen a nice 25% rise since November 2023. A number or reasons now exist to be bearish.
Incidentally, with all the recently published ideas on Tradingview, Without Worries appears to be the only one who is bearish.
The reasons?
1) Broken market structure confirmation.
2) Active price action resistance.
3) Rising wedge. A breakdown confirmation will see price action correct 17%.
4) $76 is the next support level, which is incidentally the measured move forecast by the bearish wedge identified in (3).
Is it possible price action continues to rise as most of Tradingview is calling for? Sure
Is it probable? No.
Ww