10 year US notes can be trading at the end of a higher degree wave III. Specifically we see final sub-wave 5 in action, that resembles an Elliott wave ending diagonal. An ending diagonal is a special type of pattern that usually indicates a strong movement into the opposite direction, once completed. In our case, we think price can post a low near the 120’0/119’0 region, and later make a minimum three-wave recovery.
10 Year US Notes, 4H
