/ZF Triangle

Discussion in 'Financial Futures' started by mike007, Sep 27, 2009.

  1. mike007


    FYI Here is a nice sized triangle on the /ZF 5 Year Note daily chart. Coming up to the upper range on the pattern.
  2. You should check how your continuation charts are created, your chart shows that the current price is below the high made on Jul 13th, which it is if you use the Sep contract for Jul 13th and the dec contract for the current price. In reality the Dec and the Sep contracts are currently higher than the high made in on Jul 13th.

    The difference is enormous, your chart shows a declining triangle, with lower highs. The 5yr contract has been making higher highs.... the sep 2nd high was higher than jul 13th and the sep 11th high was higher than the sep 2nd

    The aug 21st high on the Dec contract was 115-01.75, almost a full point BELOW where we are trading right now, your chart implies that we are currently below that high