March Treasury Bonds have reached the December 13th reversal date after undergoing a substantial price decline after breaking out of November 15 through November 30 zigzag continuation pattern. The T-bonds tested the reaction line target objective early in the trading session before turning higher and traded back to the high of the daily trading range. This price action is a precursor to a corrective rebound that could reach as high as 124-00. A trade above 122-19 would confirm the reversal pattern and trigger the buy.
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