7pasos

13 year Ending Diagonal as strong deaceleration appeared in USA

INDEX:TNX   10-Year Treasury Note
330 1 2
Since the 2000 the economy in USA seems to lost its previous multi decade momentum

The easy money to try to avoid this implemented by the fed pushed the 10 year into a ending diagonal

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 ending diagonal for impulse wave C therefore this zigzag was not straight forward to recognize.

The wave 4 think is a combination, formed by a sharp zigzag for wave W, then followed by a expanded flat with a very elongated wave C and then a sharp move (assume as a double zigzag ) 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 ending diagonal

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 ending diagonal ).
very instructive, thanks
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