10-YR. Using Fib's as sell zone.If you're late to the party, like I am, 10-year has been getting ridden way down in '21.
I see the 'M' reversal double bottom. There are some subtle signs of bullishness, including flattening 200 MA.
It's been a steep downhill run, and I would expect the momentum will continue with another spike low. but. every trend comes to an end.
I would much rather be the one pushing the boulder than catching it, so I'm looking to sell in the upper Fibonacci area. Seeing as sellers have been letting price get pretty high before displaying control recently, This keeps me less interested in the .5 level. Also, my risk manager can't tolerate using the .5. Too much volatility.
----
Anybody else's crystal ball come out differently?
