10-Year T-Note Price Channel Set-Up
Trader Moe | Dec 01, 2014 12:51AM ET
The 10-Year T-Note has confirmed a new price channel (navy blue on chart above) within a megaphone (pink on chart below). The price is coming to the critical decision point within that price channel for a breakout upwards into a melt-up channel vs. a breakout downwards into a sideways move.
Because the pink megaphone is now legal for an upward breakout (purple scenario), there are excellent odds of seeing a melt-up. The set-up is to go long on an upwards breakout from the navy blue price channel.
The theoretical target of an upward breakout from the navy blue channel would be the top of the bright blue megaphone. However, usually in a megaphone of this size, the price would fall a bit short (while passing the October 15th high).
Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.