November 8, 2012
- in Uncategorized by schooloftrade
30-Year US-Bonds Anchor Chart Prep:
 |
| 30-Year US Bonds |
We can draw
trend lines from the highs and the lows to create a sideways price-wedge. We also see that current price is breaking to
new higher-highs. Will the price keep
going higher? Will the price fall off
these highs and tumble back into the range?
trend lines from the highs and the lows to create a sideways price-wedge. We also see that current price is breaking to
new higher-highs. Will the price keep
going higher? Will the price fall off
these highs and tumble back into the range?
If price
rises higher we are already at the highs of the short term range, so we are
looking to sell these highs. A break
above 150’28 we then can buy pullbacks up to the 151’29 target at the next
highs above it.
rises higher we are already at the highs of the short term range, so we are
looking to sell these highs. A break
above 150’28 we then can buy pullbacks up to the 151’29 target at the next
highs above it.
If price
comes off these highs our plan is to sell below the PLOD as the buyers fail,
and look for the final profit-target all the way down to the price-wedge lows
and the 146’02 lows of the range.
comes off these highs our plan is to sell below the PLOD as the buyers fail,
and look for the final profit-target all the way down to the price-wedge lows
and the 146’02 lows of the range.
