Ten-year treasury bond is looking for a bigger recovery [Video]
|Treasury bond - 10Y US Notes came down a lot in the last two years but this cycle can now come to an end as we can see five waves down into 2023 lows on a weekly time frame. In fact, we also see five subwaves completed within wave (5) on a daily chart after prices recovered and a break above the trendline resistance. The move is strong, thus we think that more upside can be coming within a three-wave (A)-(B)-(C) rally, where the first leg (A) can be still in progress or maybe already completed as an impulse. Support on subwave 4 or wave (B) dips are at 110-111.
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