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Are you afraid of the Italians? Yes. The 10-year government bond interest rate track shows no optimistic signs. Although we are waiting for a slump because of the pace of the first wave of the triple wave structure at the correction phase of the first wave of the triple wave structure, but a few days maybe a week and the decline in the interest rate may end. Then, ...
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
Follow up to posts from around a month/6 weeks ago....Italian 10yr yields headed higher to at least 3.80% imo.
Currently in a wave iv triangle (just finished c, need to do d then e) before a thrust higher in yield towards target in coming few weeks/months
Since the recent close above 1.40% the spread widening has accelerated as anticipated. MAY (repeat may) get some pause in the 2.00%-2.12% zone but imo the next logical stopping points are not until those levels marked on the chart....