Decisive breach on this T-Note chart

July 3, 2017 09:30 AM
Elliott Wave Analysis: 10-Year US Notes

Looking at the 4-hour chart of the 10-Year U.S. Notes we see price ending a wedged pattern in wave (C). This pattern is known as an ending diagonal, that can after its completion push prices in the opposite direction. At the moment we can see a decisive breach taking place around 126.0 region. This can be a signal that more weakness may follow and that red wave (I) is in play. Once wave (I) finds support and new corrective reversal into wave (II) can unfold.

10-Year U.S. Notes, 4-hour

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About the Author

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for Capital Forex Group and He also is founder of forex services on provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website: