Short-term resistance for 10 -year but long term rising
What we see in the 10-year yields is that the most probabilistic thing right here is to correct to the 38-50% fibs before starting the new rally phase which will make the new highs.
Even though it has many cycles pushing down the pattern is so positively configured that it will very soon start rising again once that correction is over.
That inversely means that the /ZN , the treasury notes are about to start a new rallying phase into resistance which should be sold.
Even though it has many cycles pushing down the pattern is so positively configured that it will very soon start rising again once that correction is over.
That inversely means that the /ZN , the treasury notes are about to start a new rallying phase into resistance which should be sold.