US10Y, It most likely goes higher
Is the correction over for US10Y ?
Elliott wave count suggests that US10Y will go higher and uptrend resumption may has been started.
US10Y as shown on the chart is in typical Retracement zone for wave 4s. Wave 4s usually retrace not more than 50 % ( some experts accept a shadow down to 0.618 level) of wave 3. In addition our wave iv is in territory of circled wave 4 which fulfills one of important Elliott waves guidelines which says : :larger degree wave 4s usually end in territory of smaller degree wave 4s.
upside targets are also shown on the chart which were obtained by typical Fibonacci levels for wave 5.
please note there is one more impulsive section on the wave pattern on higher degree waves. I did not include those wave labels to keep the chart simple and clean.
Good luck everybody.
Elliott wave count suggests that US10Y will go higher and uptrend resumption may has been started.
US10Y as shown on the chart is in typical Retracement zone for wave 4s. Wave 4s usually retrace not more than 50 % ( some experts accept a shadow down to 0.618 level) of wave 3. In addition our wave iv is in territory of circled wave 4 which fulfills one of important Elliott waves guidelines which says : :larger degree wave 4s usually end in territory of smaller degree wave 4s.
upside targets are also shown on the chart which were obtained by typical Fibonacci levels for wave 5.
please note there is one more impulsive section on the wave pattern on higher degree waves. I did not include those wave labels to keep the chart simple and clean.
Good luck everybody.
Comment:
It seems we are in the right path.
Comment:
Target Reached.