Buying Elliott Wave Dips In 10 Year T-Note Futures

In this technical blog, we are going to take a look at the past performance of 10 Year T-Note Futures ticker symbol: $ZN_F 1-Hour Elliott wave Charts that we presented to our members. In which, the rally from October 2018 low showed a higher high sequence in an impulse structure with the right side up called for more upside to take place. Therefore, our members knew that buying the dips into the direction of the right side tag remained the preferred path. We will explain the Elliott wave structure & buying opportunity our members took below:

$ZN_F 10 Year T-Note Futures 1 Hour Elliott Wave Chart

Above is the 1 Hour Elliott Wave Chart from 8/23 Asia update, in which the pair ended the cycle degree wave III at $131.11 high. Down from there, the pair made a cycle degree wave IV pullback. The internals of that pullback unfolded as double three structure where wave ((W)) ended as lesser degree zigzag structure at $130.09 low. Up from there, wave ((X)) bounce ended at $130.30 high. Wave ((Y)) unfolded as another lesser degree zigzag structure where wave (A) ended at $130.10 low. Wave (B) bounce ended at $130.25 high and wave (C) was expected to reach towards blue box at $129.28-$129.08 100%-161.8% Fibonacci extension area of ((W))-((X)). Then from there, pair was expected to provide buying opportunity to our members into the direction of right side tag looking for new highs or for minimum 3 wave reaction higher at least.

$ZN_F 10 Year T-Note Futures 1 Hour Elliott Wave Chart

$ZN_F 10 Year T-Note Futures 1 Hour Elliott Wave Chart from 8/24 Weekend update, in which instrument managed to reach blue box at $129.28-$129.08 area and rallied higher. Allowed our members to create risk-free position shortly after taking the position at the blue box area.