Flash430

ITA10 yr yields still heading higher

Long
Flash430 Updated   
TVC:IT10Y   Italy Government Bonds 10 YR Yield
Triangle of minor fourth wave still in play (just completed c possibly). Higher in d then pullback in e to finish wave iv before thrust higher to 3.80% in coming weeks/months to finish wave 3/C before wider consolidation at higher yield levels
Trade active:
Still following the road map. wave e (wave iv) may well be finished. If so , prepare to rock and roll as yields launch higher in coming weeks towards 3.85%.
Trade active:
Stick with the plan. If/when we clear 3.10-3.20% zone (very soon if TRY contagion risk is acknowledged by traders) then we should have a clear shot at 3.50-3.80% targets.
Trade active:
completing minute iv of wave iii purple now up to 3.85%-3.90% or so (maybe even a spike above) in final minute wave v of iii before a bigger/longer period of consolidation perhaps back even to 3% over coming months

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