The /ZN (or IEF) 10-yr Treasury pullback trade just hit the sole pullback target (uptrend line) for a quick profit of ~1.5%). With at least a tradable bounce likely before the next leg down, active traders might opt to reverse long for a quick bounce trade while a solid break below the uptrend line would trigger the next objective short entry although my preference is to book profits & sit tight for now due to the fact /ZN is coming off a divergent high at significant resistance.
Previous & updated 120-minute charts as well as the updated version of the 15-minute chart that was covered in the previous video below. Note, any rally in Treasuries off this uptrend line support from here is likely to coincide with a pullback in equities.
ZN 120m March 16th
ZN 120m 2 March 16th
ZN 15m March 16th