I found an interesting $ZF post of mine from 2017
Please check the link below to see the earlier post. In 2017 I draw a bearish flag break on the Monthly chart, with a clear technical measured target. Now check again the recent weekly chart. Target reached.
Conclusions:
- never fight against a major trend
- go with the trend (I did not ride it fully, but at least I did not have any strategic long positions at all :-) )
- Just because it reached a measured target, it doesn't mean price cannot drop further. We are light years away from a strategic bullish reversal in US bond market, and also quite far away from any type of swing long setup by the Daily chart.
Conclusions:
- never fight against a major trend
- go with the trend (I did not ride it fully, but at least I did not have any strategic long positions at all :-) )
- Just because it reached a measured target, it doesn't mean price cannot drop further. We are light years away from a strategic bullish reversal in US bond market, and also quite far away from any type of swing long setup by the Daily chart.
