E 10 Year US Notes Targeting 134.0/135.0 Zone

10 year US Notes is clearly bullish, unfolding a five-wave move from October of 2018 lows. We see a possibly completed wave (4) at the 127’30 level, from where price started recovering again. We also see a break above the upper channel line, (connected from 132’14 high) which is an indication of a completed correction, and of higher prices to be underway.

If wave (5) is in motion, then price can recover towards the 134.0/135.0 zone in the upcoming weeks and months. That said, be aware of pullbacks which may develop within a wave (5) rally, and which can also find support at the upper channel line.

10 Year US Notes, daily

 

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.