10-Year Candlesticks bearish Real Body
Selling today formed a bearish Real Body–almost an Engulfing pattern–that builds on the long Upper Shadows of the two preceding sessions. Today’s small Upper Shadow shows that selling interest was firm from the start of the session; the small Lower Shadow shows that bearish sentiment is still firm into the end of the day.
However, a very good base formed below current prices last week and a strong reversal pattern has not occurred on daily charts. Bears need more evidence of a stronger move lower; a failure to gain momentum to the downside would give bulls a chance to retest the 125-155 high. Last: 125-00