Bullish Reversal Underway for US10Y
Updated
Even though major displacement may be delivered on the H4 chart, the open-float targets have been tranquilized. My expectation is that that final low which I have delineated as the "No-Go" level will be left untouched as a liquidity target for the future. After having looked at the futures contracts for US T-Bonds and 10-YR Notes, I've noticed that higher prices were reasonable expectations. I expect to see this chart purge through all the posted highs on the sell side of the chart. As that happens, DXY and US Index markets will follow suit. For now, until further notice...
Note
1.691. Heading in that area.Trade closed: target reached
Job done.
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