duffiekan

Practicing the Elliott Wave: Treasury Note Futures

Long
CBOT:ZN1!   10 Year T-Note Futures
I'm new to TA but try to analyse Treasury Note Futures chart using the Elliott Wave :)

Need your comment for correcting my counting :)

1. My target for 3rd wave is 126'21'5 that is 1.618 ratio for the length of the 1st wave

2. Correction target for 4th wave as 124'22'0, 38.2% for 3rd wave target

3. Set my target for 5th wave as 130'07'5 that is 61.8% for 0th to 3rd wave

Hmm, the price is 124'08'0 now and 10yr yield is about 2.4%

Then my 3rd wave target is translated as 10yr yield range from 2.28% to 2.30% and 5th wave target is translated as 1.8% level which is ridiculous considering current Fed view hahahahaha :(
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.