TBT Ultrashort Treasuries Ready to Reverse
From the chart, the uptrend from the market top November 2021 peaked and reversed from
a double top. Now on the downtrend , it has hit the Fib 0.5 level of the retracement.
I look for a reversal to the upside now as that Fib level is tested and holding.
I will play this with some call option contracts with an expiration in 4 weeks.
a double top. Now on the downtrend , it has hit the Fib 0.5 level of the retracement.
I look for a reversal to the upside now as that Fib level is tested and holding.
I will play this with some call option contracts with an expiration in 4 weeks.