LegendSince

US10Y - Weekly Continued Run On Buy Stops?

Long
LegendSince Updated   
TVC:US10Y   US Government Bonds 10 YR Yield
This week was not easy for those looking to short back down to broken resistance; 4.137%. We saw US10Y 4.196% buy stops liquidated before rejecting from a HTF 6-month bearish order block that has been respected in the past.
Based on Thursday's sell stop raid, with the lows being 4.187%, we swiftly retraced before closing 50% of thew daily range @ 4.283.
I am not ruling out the chance of a short term bearish run towards the upper and lower displacement new week opening gap as that could be a great area for the accumulation of longs to begin.
A bearish run 4.187% would bring me back to the drawing boards as there would be a higher probability chance that my idea will get negated
What do you think this means for ZB1!

My philosophy is simple...

Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.

This includes;

- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!

The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.

Credits;

- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
Comment:
The latter played out in my case as we see a decline towards the upper displacement NWOG.
The target was for US10Y to continue bullish to at least retest the macro Mar 23 - Oct 23 swing high/low's 50% equilibrium which we are yet to see.
I still do think it is a possibility of bullish price action to 4.402% playing out but for the meantime, the more immediate retracement would be back down to the Oct 23 - Dec 23 discount range @ 4.137%

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