Simple measured move tell's an idiot that much.
There could likely be a tipping point in long bonds at which the safehaven money that poured in during the risk off trade panics and sells. When that happens rates will soar and so will TBT.
Let me throw my oar in the water..$19.90 is my target..LOL
Do you one better, it will be in the $19.20's before back testing the $18.70's ...That where the fire works start, better be trading the extended hours for the properexit and entries.$22.50 .......... No problem by late May, when the entire market retreats !
I guess I'm an idiot... what does measured move mean?
You should not be in the markets until you fully understand technical formations.