This daily chart for treasuries shows a dramatic reversal. The long red candle shown at the far right is a bearish engulfing pattern. The more prior green candles that are reversed by the long red one, the more likely this pattern is to lead to a bearish downturn in future days. This red maribozu candle engulfs the previous four days' green candles. That's very bearish for treasuries!Friday, July 11, 2008
Dramatic Reversal for Treasuries and Interest Rates?
This daily chart for treasuries shows a dramatic reversal. The long red candle shown at the far right is a bearish engulfing pattern. The more prior green candles that are reversed by the long red one, the more likely this pattern is to lead to a bearish downturn in future days. This red maribozu candle engulfs the previous four days' green candles. That's very bearish for treasuries!
