Charted is a proposed price pathway for the 10yr T Bonds.
I'm looking for an easing in yield soon... in the 4.125 area (.786 Fib level) specifically, sometime in early March. This will represent the top of the b wave of wave 4 off the Aug. 2020 low.
This expectation flies in the face of recently released inflation related news. As such my parameters are well defined here. A move beyond the afore mentioned yield will make me reassess the trade.
I'm seeing correlated markets showing signs of synergy with the expected outcome of this move. Specifically I am expecting a move up in oil, technical ST pullback in DXY and a technical bounce in gold...which will fail and complete a fantastic short set-up. See my Gold idea...
Fine work. When would be the best time to enter the market?
oliverrathbun
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@TradingShot, Two areas of interest.. the current position is at the .62 fib... the starred area is .78 if there were a trendline break in the local area I might be inclined to move on it...seems to be building a topping formation?