10 Year US and The German Bund Can Temporarily Slow Down, Temporarily! – Elliott Wave Analysis
10 Year US notes are trading in an uptrend since the last quarter of 2019. We are specifically tracking sub-wave 3) of a bigger impulse, which can look for resistance, and a turn into a corrective wave (4) near the 132’0/133’0 region.
Possible support and bounce for wave (4) can be near the 129’0/127’0 area.
10 Year Us Notes, Daily
Bund is trading in an uptrend, away from 2018 lows, and unfolding leg III as part of a bigger, bullish cycle. Possible resistance and a turning point for wave III can be near the Fibonacci ratio of 4.236 (175.5/177.0 region), from where a wave IV correction may start to form.
German BUND, Daily
Note; As you can see both markets are in positive correlations, meaning if we expect price to find a temporary resistance on one market, then the same thing can occur on the other market. 10 Year US notes, and the German BUND can face temporary resistance, and a higher degree corrective pause in upcoming weeks.
Disclosure: Please be informed that information we provide is NOT trading recommendation or investment advice. All of our work is for educational purposes only.
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