10-Year T-Note Rising Wedge
Trader Moe | Oct 14, 2014 01:26AM ET
The U.S. 10-Year T-Note has formed a rising wedge (pink) within a likely megaphone (bright blue on chart).
The VWAP of the rising wedge is the same as the megaphone VWAP.
It’s possible the wedge will break out upwards, which would be a fresh set-up to go long the T-Note. But more likely it will break out downwards and move sideways a bit before retracing to the two formations’ VWAP at roughly 125-10.43.
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