ELLIOTT WAVE ANALYSIS: US10YR - 20 AUG, 2024
© Master of Elliott Wave : Hua (Shane) Cuong, CEWA-M.
10-Year Yield, the main trend is down. Currently wave (C)-orange is unfolding to push lower. Recent price action shows that wave ((iii))-navy has ended, and wave ((iv))-navy is unfolding as a Triangle. The basis is that it will be longer and take longer than expected. But the bearish view with wave ((v))-navy then is still holding.
While price must remain below the 4.022% high to hold this view.
10-Year Yield, the main trend is down. Currently wave (C)-orange is unfolding to push lower. Recent price action shows that wave ((iii))-navy has ended, and wave ((iv))-navy is unfolding as a Triangle. The basis is that it will be longer and take longer than expected. But the bearish view with wave ((v))-navy then is still holding.
While price must remain below the 4.022% high to hold this view.
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