ZB1!, A Trend Reversal to Watch

27 feb 2021Bonds were in the downtrend since March 2020. A larger H&S pattern is in play. Its right shoulder is being developed. The most recent retest of the 61.8% level provided a decent reaction. It means buyers are closely watching the price movement and took a shot to stop the bleeding. This could be an opportunity to enter the market on the long side and hold for a swing trade while the professionals enter the accumulation phase.

02/21/2020