T-Notes on the move lower

Elliott Wave Analysis: 10-year US Notes

10-year US Notes 

10-year U.S. Treasury Notes made a sharp and strong reversal recently, which we labeled as corrective wave 4, that found resistance at 122'20 level and reversed lower. The current drop can now be part of sub-wave 5 of III, that can take price toward the 119'00 region and lower.

10-year U.S. notes, 4-hour

About the Author

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for Capital Forex Group and TheLFB.com. He also is founder of forex services on www.ew-forecast.com.