ZN1! Short : Downtrend Correction We are in a bearish trend, so we must think bearishly. We have a pullback, which would be a strong support zone, and another pullback on the golden ratio of fibonacci levels. Now, after the breakout of the Direction moving average indicator with strong volume + Golden ratio + RSI moving average breakout heading down to the oversold area, and the strong bearish candles movements, we can forecast that the price will continue to fall.
Wait for support breakout as an entry confirmation !
Best of Luck Investors !
ZN1! trade ideas
ZN1! Short : Price is approaching to the reversal point !Let's take a look at ZN1 from a broad perspective! , based on thecnichal analysis, the price appears to be breaking the uptrend channel with high bearish volume after bouncing into it for years, and the EMAs indicators are indicating that the chart is controlled by bears due to their breakouts, and now it's facing a strong support which is located in the trend reversal point, which is 50 percent of fibonacci levels, and the RSI is stuck in an oversold area. As a result, we can forecast that the price will continue to fall if he breaks the support, which connects with the 50 percent fibonacci, while also keeping an eye on the potential pullback to the support, which will become a resistance in the event of a breakout owing to the oversold condition. If the price does not break through the support, there will be a pullback on the support, and we will be looking for long positions. Also, keep an eye on sideways moves in the support zone, where we might see a lot of volume accumulation.
Please adhere to the entry TP SL or create your own based on your preferences; I based mine on Fibonacci and support zones.
Best of Luck Investors !
Trading The Bearish Sequence in T-NotesIn this update we review the recent price action in the US10yr T-Notes futures contract and identify the next high probability trading opportunity and price objectives to target.
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Bonds Sell Off on Hawkish Fed MinutesBonds are back to hugging lows, after a brief attempt at higher levels. We found immediate resistance one level above at 121'00. Even the rally to that level encountered serious resistance at every step, confirmed by red triangles on the KRI. We are back to lows again at 120'14. The Kovach OBV is very bearish so we can expect an imminent breakdown to lower levels. Our next target is 119'23, which is significant as we will have given up the 120's all together.
Will the Bond Market Continue to Sell Off??Bonds have reached a relative high at 123'01 to the tick then promptly rejected this level. A red triangle on the KRI confirmed resistance and we headed straight back down to through the 122 handle to finally find support at 121'28. We are currently seeing some support here, confirmed by a green triangle on the KRI. However the Kovach OBV has taken a steep dive south suggesting the bear rout is about to pick up again. If so, the next target is 121'00, then 120'14. If we are wrong, we must break through 123'01 before we can consider higher levels.
ANALYSIS ZN1/ buy positionAs we see on the chart we have a very good uptrend on ZN1. In effect, we have two elements that corfirm our buying position:
- Candle with a long wick and small body and a large volume in downtrend this mean that buyres are coming so at the next green candle you buy...
- Breakout with strengh the vwap indicator with a large volume....
Sell Signal ZNM22Sell Signal Entry - 124'19
Buy Stop: 126'27
1st Take Profit - 123'06
For Daily Support/Resistance levels click here!
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Are Bonds Being Dumped to Buy Bitcoin?BTCUSD / US Bonds are Inversely Correlated
Since March 7, 2022 the bond market has been in a freefall, spiking rates, as you can see with the 10 Year Treasury
Bitcoin has been on a rally that started on March 7 with a major spike then pullback the following day, only to take off like a freight train.
This a clear inverse correlation that has set in and does not look like it's abating at all.
Is this really happening? Bonds being sold to buy Bitcoin?
Thoughts? Please comment.
Stay tuned as this is very interesting!
Bonds Bear Rout Bottoming Out??Bonds have stabilized for now after a brief relief rally. We tested higher levels at 123'15 or so, after falling 7 handles from the 129's to the 122's in less than one month. The rally was short lived, and just a technical respite into the overall bear trend, exactly as we had predicted here. The price promptly rejected this level, as anticipated, and headed back down to lows. We found support just above the low at 122'10 and have been equilibrating thereabouts, between this level and 123'01. There is nothing to suggest any deviation from the bear rout, overall except perhaps for small relief rallies. If the bear momentum picks up again our next target is 121'28.
Every Day a New Low for Bonds!!Bonds keep falling as yields are rising globally. It seems that we have to redo our levels to predict yet another new low in ZN. The Kovach OBV is solidly bearish and we have fallen 7 handles, from the 129's to 122's in the month of March. We are currently testing support at 122'10, but the bear rout shows no sign of stopping. It would be unwise to try to catch a knife here, although the probability of a relief rally increases with each rung down. Our next taget is 121'28. A relief rally could test 123'01 or 123'15.
Treasuries Get Smashed as Investors Brace for HikesBonds continue their selloff ahead of the FOMC meeting today . The Fed is expected to raise rates, and we could be in for as many as 6 rate hikes total this year. This is impacting yields sending bond prices tumbling. ZN has made a brief attempt at higher levels but got batted down around 125'07, a level we identified yesterday. It is likely to continue the bear trend, currently finding support at 124'19 by a thread. The next target below is 124'06.
Bond Yields at Highest Levels Since 2019Bonds have edged out new lows as investors weigh deescalation of the war in Ukraine and increased expectations for a Fed rate hike . Yields in ZN, the 10 year treasury note, are the highest they've been since July 2019. We have sliced through multiple technical levels below, and have established new lows, yet again. We do appear to be seeing a brief pivot from lows at 124'19, but 125'07 is providing resistance confirmed by a red triangle on the KRI. If we are able to continue the rally and break through resistance, then 125'17 and 126'00 are the next targets above. If we continue to sell off, then 124'06 is the next target below.
