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10 Year US Notes in A Correction

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May 13 2019
 
Hello traders!

Today we are going to share with you our analysis on the 10 Year US Notes, and its daily time frame.

10 Year US notes have turned bullish in 2018 and made clear five waves up from that October low. We know that five wave structure represents a strong trend, so that’s the direction in which we want to track the market. However, nothing moves in straight lines, there are always pullbacks; like five steps forward three steps back. So this trend may resume once we will see an (A)-(B)-(C) retracement which will ideally happen from the area of a former wave four. Notice that this is still far away so for now, more weakness may occur before bulls go back in control.

Trade well!

10 Year US Notes, Daily

 
 
 

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