US10YEARS-W1/D1- ONGOING UPSIDE MOVE !
WEEKLY (W1)
Following the breakout which occured a couple of weeks ago, we can identify a sideways/up consolidation price action.
Indeed, a natural pullback took place which has been rejected by the former downtrend line resistance which became now the
new support area (currently around 1.67 %) and slightly below the Tenkan-Sen (@ 1.7080 %) which should be seen as the first significant support level
in this weekly time frame.
A SHOOTING STAR took place last week, but the ongoing price action (above it, for the time being and of course should be confirmed on the next weekly closing)
could invalidate such kind of pattern which, usually is a warning of a trend reversal !
The TRIANGLE PATTERN gives a technical target @ 2.3230 %.
ONLY A CLEAR BREAKOUT OF THE CLUSTER SUPPORT OF TS, KS, MBB (1.7080 %-1.6280 % WOULD FORCE TO A VIEW REASSESSMENT OF THIS EXPECTED BULLISH (YIELD) SCENARIO !
DAILY (D1)
Last Friday's price action triggered a BEARISH ENGULFING PATTERN which confirm A BEARISH DIVERGENCE and which should not be underestimated; nevertheless, the last daily closing level was still above the Tenkan-Sen, which for the
time being is still supportive for further upside.
Therefore, in this daily time frame, watch carefully at the following supports levels :
S1 : 1.9020 %
S2 : 1,8780%
S3 : 1.8560% (The Barometer !)
A failure to hold above S3 would open the door for the daily clouds support area (1.70%-1.60%) which corroborate the weekly view as 1.60% should be seen as a KEY PIVOT LEVEL, strategically speaking.
Do you like my analysis and do you find it bring an additional value in your trading strategies ?
If YES, please do not forget to like my idea on Trading View and for those who did not follow me yet, also do not forget to add Ironman8848 on your following list.
And last but not least, for those who do not have access to Trading View yet (from my personal point of view, the best charting application available at the moment !), please do not hesitate to use the following link to sign up :
www.tradingview.com/gopro/?share...
Have a nice trading week.
Ironman8848 & Jean-Pierre Burki
Following the breakout which occured a couple of weeks ago, we can identify a sideways/up consolidation price action.
Indeed, a natural pullback took place which has been rejected by the former downtrend line resistance which became now the
new support area (currently around 1.67 %) and slightly below the Tenkan-Sen (@ 1.7080 %) which should be seen as the first significant support level
in this weekly time frame.
A SHOOTING STAR took place last week, but the ongoing price action (above it, for the time being and of course should be confirmed on the next weekly closing)
could invalidate such kind of pattern which, usually is a warning of a trend reversal !
The TRIANGLE PATTERN gives a technical target @ 2.3230 %.
ONLY A CLEAR BREAKOUT OF THE CLUSTER SUPPORT OF TS, KS, MBB (1.7080 %-1.6280 % WOULD FORCE TO A VIEW REASSESSMENT OF THIS EXPECTED BULLISH (YIELD) SCENARIO !
DAILY (D1)
Last Friday's price action triggered a BEARISH ENGULFING PATTERN which confirm A BEARISH DIVERGENCE and which should not be underestimated; nevertheless, the last daily closing level was still above the Tenkan-Sen, which for the
time being is still supportive for further upside.
Therefore, in this daily time frame, watch carefully at the following supports levels :
S1 : 1.9020 %
S2 : 1,8780%
S3 : 1.8560% (The Barometer !)
A failure to hold above S3 would open the door for the daily clouds support area (1.70%-1.60%) which corroborate the weekly view as 1.60% should be seen as a KEY PIVOT LEVEL, strategically speaking.
Do you like my analysis and do you find it bring an additional value in your trading strategies ?
If YES, please do not forget to like my idea on Trading View and for those who did not follow me yet, also do not forget to add Ironman8848 on your following list.
And last but not least, for those who do not have access to Trading View yet (from my personal point of view, the best charting application available at the moment !), please do not hesitate to use the following link to sign up :
www.tradingview.com/gopro/?share...
Have a nice trading week.
Ironman8848 & Jean-Pierre Burki
