Ten Year Futures Contract: Ready for Slight Retracement?

Since June, we have seen noteworthy price consolidation between the 124 and 125 handles in the ten year future contract. In each instance encircled in the below daily chart, after about three to four days of consolidation, we saw at least a 36 percent retracement towards highs made on May 29th and August 15th.

140923_115930_CQG_Integrated_Client_Chart_TYA_-_10yr_US_Treasury_Notes_(Globex)_Daily_Continuation