Near-Term P&F Chart Work Shows Upside Breakout in the TBT

In the last 20 minutes, the ProShares UltraShort 20+ Year Treasury (TBT) has traded above 77.00, which has triggered a buy signal in my near-term P&F work.

Let's notice that the 77.00 print broke a near-term Triple Top, and should signal higher prices directly ahead.

The optimal upside target for the current thrust is 78.00.

Only a failure to continue higher, followed by a decline that prints 76.40, will invalidate the near-term P&F buy signal.