Spinning top on the daily chart for 10-yr notes. Standard candle called the Heikin-Ashi candle

Here's a quick run through the action in Treasuries today. Interesting to note the daily candle for 10-yr notes formed a bit of a spinning top on Friday. That was for a standard daily candle. Now flip to a daily Heikin-Ashi chart and you'll see that spinning top appeared today. Great example of how Heikin-Ashi charts blend in data from the previous interval.

What does this mean? I'd be cautious initiating longs as the market may be tuned to reverse. More consideration would be give to playing from the short side vs. the long side.

#shorts #treasuries #bonds #notes #technicalanalysis #charts #candlesticks

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