Looks like we can anticipate another impulse wave on US treasury yields as we follow our thesis that the US10 yield will kiss the upper boundary historical trendline before we see a reversal.
Implications here will likely result in a rebounding/consolidating stock market and a strengthening of the USD against many major currencies while markets undergo major trend changes.
***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
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Kissing the support level!
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Dropping to second support level and breaking the trendline!!!
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Today we have a a few notable events involving central bankers at conferences and such. China just dropped RR ratios as well.
Here comes the rate reversal?
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The week closes out with a big hammer candle!
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Looks like we are now trending up.
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Decision time... we are currently sitting on support, so I expect a sharp move as the consolidation must come to an end.
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