The /ZB (30-yr Treasury bond futures) or TLT (20-30 yr T-bond ETF) trade setup posted yesterday has triggered an entry on this breakdown below the 60-minute bearish rising wedge pattern. Those targeting the current final price target (T3) might consider a maximum stop above 93.12 or lower, if only targeting T1 or T2. Due to the inherently low volatility & price moves (i.e.- below average gain/loss potential), the suggested beta-adjusted position size for this trade is 2.0 – 3.0. Previous & updated 60-minute charts below.
TLT 60m Oct 22nd
TLT 60m Oct 23rd
Tip: The RSOTC position size calculator can be quickly accessed by clicking on the calculator icon on the main (top) menu of the site.