Double bottom (@1.1270) gives a technical target @ 1.65 %; it has nearly been filled with a high so far @ 1.6150
Interesting to note that current level coincides with the former congestion top seen early this year between April and May.
Therefore, this 1.6000/1.6500 area may this time trigger the second top and should be watch at very carefully !
Back in August I posted a Descending Broadening Wedge setup where we were at a potential bottom and today it would seem that we have successfully broken out of said wedge and back tested as support and are looking to finish the measure move that will take us to a minimum target of 1.77.
If you look on a timeframe like the weekly we have potential to go all the...
Based on the updated chart formations, I expect the US10y to fall out of this rising channel with a floor of around 1.0, then rapidly rise to at least 1.95. This should begin to play out over the next 1-2weeks. The theory becomes invalid if yields continue to rise in the channel to above 1.36.
A similar pattern to 2020 is happening, but it appears elongated. I used colored arrows to divide this chart into segments. The blue arrows represent the yields falling to a base. The yellow arrows are the rates rising phase. The red arrows are the yields dropping in a unique curved pattern. It seems to break that curved pattern and start an upward channel. Last...
I'm currently viewing US10 years bond yield as a "gauge" for negative correlation for Gold market instead of equity index e.g. SPX . As their correlation efficient rate now is about 80% ...And we might see 1 more leg up in US10 years Bund toward around 2.000 to complete last leg of tripe zig zag wave which is wave (Z) (Cyan /Light Blue)... So we might have 1...
Inflation prints coming in hot(short term) because of a stalled reopening.
Rumors of vaccine FDA approval in the next week.
A large infrastructure package in the works, putting more money into the system sparking inflation fears.
Flattening for the close. Getting a couple of questions re; flattening after the hints in previous idea, for those following 10s30s you will notice the test of 55/54bps is underway.
↳ The latest breakdown is implying we are at the minimum here in an ABC expectation leg towards support
↳ Inflation readings will be key to drive this one, this is signalling a...
US10YEAR yields have bounced strongly off the 50% fib level at 1.13% for the second successive time and looks to be forming a possible double bottom. A move above 1.30% and back above the 200dma will be an important milestone for the 10 year yields, which could see it move up another 20bp..
Looking at the weekly chart we can see that current levelis below both, MBB (@ 1.5630%) and Kijun Sen (@ 1.3851%).
Wait for weekly closing for confirmation !
In the meantime, the expected target of 1.2890 % (38.2% Fib ret) has nearly been reached with a low so far @ 1.30 % !
Pressure remains to the downside , next significant supports levels being respectively @...
Investing in bonds after looking this chart...hmm nah.
We need the bottom catcher here, there may be some potential reverse on long term but then, why would the US gov give money to medium class!
Rich getting richer right.
M.M.M Make Motherfuc.in Money
Be wise: don´t work for the money, make your money work for you.