US02Y bullish move stopped by a fib

shamgar331 Updated   
TVC:US02Y   US Government Bonds 2 YR Yield
Sharing how Fib extension can catch tops and bottoms / support and resistance.

Here we have the 2yr bond yield with the 3 pivot points (marked by blue price notes) for the fib extension at Mar 24 low, Mar 31 high and Apr 05 low.

Last nights .5-ish move was suppressed by the Fib 3 boundary.

From an elliott wave perspective, there are so many 1-2 waves from the May 04 would seem, if this is a correct analysis, the 2yr is headed higher...much much higher. I believe this is the 5th wave just starting and to confirm, we'll have to watch for a significant break(IE a few green non-retracing candles to be the confirmation - something like the push from 13-sep-2022 to 26-sep-2022)
Where did that spike from Monday 18-sep-2023 go?

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