Completing wave V. Alternative scenario: Wave 3 is wave V and wave 4 is wave A
10-Year US Treasury yield remains in a long term downtrend channel, in the process of completing downwave (3) of V near the bottom of the channel at around 0.70%. Key resistance that if broken would invalidate this bearish scenario is the 3.04% level.
Starting short at 127'060 will add lower looking for 2.35-2.40 retest