UST 10Y Government Yields ... Too far too fast ??
Unless you have been living under a rock for the past 2+ years you may have noticed the interest you pay to borrow anything has increased significantly.
Using 10 year US Government bonds as our proxy, these yields have risen about 8 fold during this period.
How and why is a topic for another day. My point here is Have have we gone too far too fast and is there anything which points to answering this?
My study and view points to that of harmonic patterns/ratios which if used if used judiciously, which often work and work well.
In the case of the US 10 year treasuries, we have two patterns which formed last week and now are pointing to an short term reversal
These are a Bat and Deep Crab harmonic patterns.
They share the same ABCD points and only their origin point (X) is different.
These are laid out on a weekly chart together with an initial targets, entries and stop loss points.
Additionally within harmonic analysis, projections using the final 4 points of the original harmonic formation(s) are often to project a future point D.
I have done this but shifted it to the right on my graphic so it is more easily seen.
So have we gone too far too fast?? ... perhaps.
This goes against conventional wisdom and thinking .... at least in the shorter term.
As Northstar69 points out in the inserted graphic (from NorthstarBadCharts.com) ... after 41+ years we are at yet another inflection point !
This is educational not investment advice.
Do your own due diligence while watching the bigger picture and world events around you.
Good Luck and thanks for reading.
Hopefully you found it this useful.
S.
Using 10 year US Government bonds as our proxy, these yields have risen about 8 fold during this period.
How and why is a topic for another day. My point here is Have have we gone too far too fast and is there anything which points to answering this?
My study and view points to that of harmonic patterns/ratios which if used if used judiciously, which often work and work well.
In the case of the US 10 year treasuries, we have two patterns which formed last week and now are pointing to an short term reversal
These are a Bat and Deep Crab harmonic patterns.
They share the same ABCD points and only their origin point (X) is different.
These are laid out on a weekly chart together with an initial targets, entries and stop loss points.
Additionally within harmonic analysis, projections using the final 4 points of the original harmonic formation(s) are often to project a future point D.
I have done this but shifted it to the right on my graphic so it is more easily seen.
So have we gone too far too fast?? ... perhaps.
This goes against conventional wisdom and thinking .... at least in the shorter term.
As Northstar69 points out in the inserted graphic (from NorthstarBadCharts.com) ... after 41+ years we are at yet another inflection point !
This is educational not investment advice.
Do your own due diligence while watching the bigger picture and world events around you.
Good Luck and thanks for reading.
Hopefully you found it this useful.
S.
Nota
Entry should be about 2.65-2.70 depending how we get there...
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.