Wychoff re accumulation pattern potentially forming.

23 Eki 2020

Potentially a falling bullish wedge forming on TLT. The pattern also appears to be playing out a Wychoff re accumulation pattern which makes sense given that there is the largest short position ever on the bond market. All of the banks have been buying bonds and QE is by nature bullish for bonds as the fed are buying up supply. Lots of these shorts will be in at around 160-165 and so a huge short squeeze could be about to happen.