30 Year Bond Futures Head & Shoulders Pattern

The above chart is the chart of the 30 Yr Treasury Future.  It’s an intersting Head and Shoulder formation.  Typically, once this formation breaks the neckline it will drop a distance which is equal to the  distance measured from the top of the head to the neckline.  Usually one of the best times to buy is after the intial breakdown, when it retraces back to the neckline.  It could always break back up through and retest the right shoulder - You need to protect yourself with stops…..Nice formation.

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