The easy money to try to avoid this implemented by the fed pushed the 10 year into a
The most tricky parts to see of it, are the corrective waves 2 and 4
The wave 2 showed a hard to see at first glance combination of a triangle to corrective wave b followed by what i think is an expanding for impulse wave C therefore this was not straight forward to recognize.
The wave 4 think is a combination, formed by a sharp for wave W, then followed by a expanded flat with a very elongated wave C and then a sharp move (assume as a double ) for wave Y
Once you define the correctives waves is really easy see the rest of the diagonal pattern fall in place.
The wave 3 is not the shortest motive wave
The wave 5 extended a bit beyond the 1-3 line
And the waves 2-4 form a contracting
Therefore my future forecast is that the 10 year note should reach more than the 6.5% in a fast way (and by the way, as far as now, had been an explosive turn to the upside consistent with this characteristic of the contracting ).