German DAX and 10Year US Notes Both Looking Lower
German dax made a strong and sharp drop lower the past week, which we now see it as black wave A. That said wave A will now unfold a five-wave movement within itself, before making another correction into the following wave B. Once wave B unfolds, ideally around previous swing low at 12479 level, a new drop lower into wave C can follow.
German dax, 4h
On the 4h chart of the 10Year US Notes we can see a nice break lower taking place, which was technically expected once blue wave four correction found a top. As we can see final leg (C) of four was an ending diagonal, which means sharp and strong reversal was ready to follow. Well, as we can see everything played out nicely and now we are looking at a new bearish impulse in the making, with sub-wave (1) unfolding.
10 Year US Notes, 4h
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Hi,
Can you please update on this chart after the recent price action in the last 2 weeks, thanks.