The market has five waves down from 134.37 with overlaps between waves four and two which is fine as long as it has a shape of a diagonal triangle. It was actually a leading diagonal as part of a bearish cycle that can resume now after a three waves up that shows signs of a top at 132.50 resistance.
At the moment we see the price nicely lower around the 131 area, probably as part of a new five wave fall that may be underway.
10 Year US Notes, 4H
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