10 year US notes are turning strongly bearish since August of this year, ideally into a new minimum three wave decline away from 134.00. However, short-term swings suggests that market is making a temporary bounce now after a completion of a five wave decline shown on the 4h chart which puts an A-B-C rally in play. We see sub-wave C underway to the resistance area of a former wave four at the 131.107 level. We believe a continuation lower from that level may happen.
10 Year US Notes, 4H
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