Bonds priced in yesterday's risk-off sentiment. On 30 min charts we have a perfect Sickle Pattern. If you traded this pattern, you would have made 10 ticks on the ZN. The Sickle Pattern is exclusive to Ghostsquawk, so if you want to learn more about it, consider one of our trading courses.
The Kovach OBV is still very bullish, but the Chande indicates a pullback. This is reasonable because momentum does seem to have waned, but ZN has not really pulled back significantly. It would be wise not to FOMO into a long position. Instead, wait for a dip to 138'29 or 138'26, the two nearest Fibonacci levels.
The Kovach OBV is still very bullish, but the Chande indicates a pullback. This is reasonable because momentum does seem to have waned, but ZN has not really pulled back significantly. It would be wise not to FOMO into a long position. Instead, wait for a dip to 138'29 or 138'26, the two nearest Fibonacci levels.
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