US10Y ~ Bullish Downtrend Reversal (2H)

BlueHatInvestor Updated   
TVC:US10Y   US Government Bonds 10 YR Yield
US10Y chart mapping/analysis.

US10yr bond yields finding bullish reversal off lower range of descending parallel channel (white) - further momentum pending upcoming 10yr auction + US economic data.

Trading scenarios into EOY:
  • Bullish reaction to macro economic news = continued momentum to break above descending trend-line (white dashed) towards 38.2% resistance zone.
  • Bullish extension target(s) = re-test upper range of descending parallel channel (white).
  • Bearish reaction to macro economic news = reversal back below 50% Fib / 4.10% psychological support level / lower range of descending parallel channel (white) / ascending trend-line (green dotted) confluence zone.
  • Bearish extension target(s) = Golden Pocket zone / 4% psychological support level / 78.6% Fib.
US10Y chart update (Thurs 14/12):
  • Hello Fed Pivot - R.I.P US bond yields lol.
  • Bearish gap break below ascending trend-line (green, dotted)
  • 50/50 call atm whether reversal to re-test trend-line / 4.02% gap fill, or continue selling to interact with 61.8% Fib &/or 66% Fib, TBC.


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