I do not have a ZN position but if I were long and holding for a longer term trade I would be targeting the red box area.
ZN is below the point of control region for the last few years so I would not think this is a good place to sell, it is likely to swing back up into the POC area and tag some fib levels near the top of the value area in the process.
The propulsion dots show that it has strength and could be working on the upswing back into the value area right now.
ZN is below the point of control region for the last few years so I would not think this is a good place to sell, it is likely to swing back up into the POC area and tag some fib levels near the top of the value area in the process.
The propulsion dots show that it has strength and could be working on the upswing back into the value area right now.