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TradingShot
Oct 25, 2021 3:37 PM

US10Y Signs of a bearish reversal. Short

United States 10 Year Government Bonds YieldTVC

Description

The US10Y has reached (and so far got rejected on) the 1.707 Resistance (1), which last time rejected the price on May 13. With the 1D RSI on a Bearish Divergence (is on Lower Highs while the actual price is on Higher Highs), similarities can be made with the February 25 - March 30 sequence, which after an RSI Bearish Divergence got rejected on the 1.775 Resistance (2) and essentially started the correction towards the 1.125 Support.

We are expecting a pull-back towards the 0.382 Fibonacci Retracement level and if broken the 0.618 level which may be even more likely as it is the top of the recent High Volatility Cluster.



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Comments
SPYvsGME
Nice. such an easy chart to read. TYVM.
ram4nd
FED is buying bonds in great amounts. All depends on them. No point to do technicals on this thing.
ForexTrendline
great job!
Johnny_Rockets88
if this happens it will over shoot the bond market is shorts like never before I history.
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