I don't trade Treasuries but it's important to keep track of the yield, especially for the USD and if you trade xxx/jpy crosses. The 10 year yield is currently hammering out a complex pattern as wave b in a larger correction, where the last sub wave is expected to reach the 2% area, maybe slightly below, maybe slightly above, before it heads down towards the zero bound - if my count is correct. I expect that to be reached around the 2021/22 change but possibly it will take longer.
Nota
It looks like Tradingview has a bug of some kind as it doesn't honer to publish a single chart when you use a multi frame setup, like 4 in this case. So here is the single chart this idea is about.Nota
UST10Y yield seems to have completed 5 smaller sub waves up here on 1h as wave 1, so maybe 3 waves drop back in to lows of wave iv as 2 before even higher rates materialize.Nota
Rates falling as a result of the latest Covid scare, but be aware of the potential for a brutal turnaround once the present H&S patter has played out.Nota
Solid impulsive move in UST 10Y yield, should reach 1.70 at least but probably higher still. Nothing moves in a strait line though so we may need to give it some time.
Elliott Wave chartist happy to share my counts to help you. Posted charts (mostly on X and substack) are my own work, but may have been inspired by others.
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Elliott Wave chartist happy to share my counts to help you. Posted charts (mostly on X and substack) are my own work, but may have been inspired by others.
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.