T-note short with target 134 or even 130

5 thg 4, 2020

T-note finished (or is about to finish) a run up to 139. This last leg up is a Wave B, once this leg is finished we can expect a big decline to 134 (previous wave A) or even 130 (previous wave 4).

The reasoning behind the expectation that the current uptrend is about this finish is based on RSI (does not get above 65), multitimeframe analysis (see weekly chart) and CFG (cardwell's work).