US GOV BONDS 10 YR YIELD - MULTI TIME FRAMES
M1 : 50 % Fib Ret @ 1.8060 % nearly reached,
high seen so far being 1.7740 % in March.
W1 : Sideways 1.4840 % -1.7740 % trading range
Currently traded below Tenkan-Sen (conversion line)
D1 : Still under the influence of a former double top
formation and failure to hold above the clouds is likely
to trigger further downside in the coming session (s)
Interesting to note that the low seen a couple days ago
@ 1.4840 is roughly in the middle of the clouds support
zone.
H4 : Minor double top triggered at the top of 1.7050, target
easily filled. More important, below TS and MBB and currently
attempting to breakout the ongoing uptrend support line.
H1 : Below the clouds and below the cluster of KS, MBB and TS
M30 : Same than H1
M15 : Attempted twice to upside clouds breakout, without success !!
M5 : Below the clouds, showing some short term recovery attempt
CONCLUSION :
THE 10 YEARS US IS SHOWING AN ONGOING (YIELD) DOWNTREND PRICE ACTION.
ONLY A SUSTAINABLE RECOVERY ABOVE THE 1.80 % WOULD FORCE TO A VIEW REASSESEMENT
OF THE EXPECTED BEARISH YIELD SCENARIO CALLING FOR LOWER LEVEL TOWARDS THE 1.40 % AREA,
BEING THE DOUBLE TOP TARGET, THE BOTTOM OF THE DAILY CLOUDS AND LAST BUT NOT LEAST THE
LEVEL OF THE MID BOLLINGER BAND (MBB) ON W1, WHICH SHOULD BE SEEN AS THE LEADING INDICATOR ON
THIS W1 TIME FRAME. A FAILURE TO HOLD ABOVE 1.40% WOULD DIRECTLY PUT THE FOCUS ON 1.29% AHEAD OF 1.14%
WEEKLY CLOUDS SUPPORT !
A SUSTAINABLE RECOVERY ABOVE 1.80% (UNEXPECTED) WOULD OPEN THE DOOR FOR THE PSYCHOLOGICAL LEVEL OF 2 % AHEAD
OF 2.15% BEING THE 61.8% FIB RET AND ALSO THE MONTHLY CLOUDS RESISTANCE AREA.
Ironman8848
high seen so far being 1.7740 % in March.
W1 : Sideways 1.4840 % -1.7740 % trading range
Currently traded below Tenkan-Sen (conversion line)
D1 : Still under the influence of a former double top
formation and failure to hold above the clouds is likely
to trigger further downside in the coming session (s)
Interesting to note that the low seen a couple days ago
@ 1.4840 is roughly in the middle of the clouds support
zone.
H4 : Minor double top triggered at the top of 1.7050, target
easily filled. More important, below TS and MBB and currently
attempting to breakout the ongoing uptrend support line.
H1 : Below the clouds and below the cluster of KS, MBB and TS
M30 : Same than H1
M15 : Attempted twice to upside clouds breakout, without success !!
M5 : Below the clouds, showing some short term recovery attempt
CONCLUSION :
THE 10 YEARS US IS SHOWING AN ONGOING (YIELD) DOWNTREND PRICE ACTION.
ONLY A SUSTAINABLE RECOVERY ABOVE THE 1.80 % WOULD FORCE TO A VIEW REASSESEMENT
OF THE EXPECTED BEARISH YIELD SCENARIO CALLING FOR LOWER LEVEL TOWARDS THE 1.40 % AREA,
BEING THE DOUBLE TOP TARGET, THE BOTTOM OF THE DAILY CLOUDS AND LAST BUT NOT LEAST THE
LEVEL OF THE MID BOLLINGER BAND (MBB) ON W1, WHICH SHOULD BE SEEN AS THE LEADING INDICATOR ON
THIS W1 TIME FRAME. A FAILURE TO HOLD ABOVE 1.40% WOULD DIRECTLY PUT THE FOCUS ON 1.29% AHEAD OF 1.14%
WEEKLY CLOUDS SUPPORT !
A SUSTAINABLE RECOVERY ABOVE 1.80% (UNEXPECTED) WOULD OPEN THE DOOR FOR THE PSYCHOLOGICAL LEVEL OF 2 % AHEAD
OF 2.15% BEING THE 61.8% FIB RET AND ALSO THE MONTHLY CLOUDS RESISTANCE AREA.
Ironman8848
