10-yearear U.S. notes are trading in an uptrend since the last quarter of 2018, and unfolding a big, five-wave cycle. We labelled a turn lower from the 132’14 level as a corrective wave (4) which found support and a turn higher at the 127’30 level. Current sharp recovery can now be a wave (5), which can be targeting the 134’0/136’0 zone in the upcoming weeks and months. That said, be aware of a temporary pullback within the fifth wave.
10 Year US Notes Trading Higher – Elliott Wave Analysis
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