10Y BUND Elliott Wave Analysis
Bunds are coming down from a triangle, now breaking sharply into wave C as ECB turns slightly more hawkish. Ideally, market is now in a five-wave decline within wave C headed to 160/163 projected area.
10Y NOTES Elliott Wave Analysis
10Y US Notes are still trading at the lows and it looks like it’s still unfolding five waves of decline from 2021 highs, now moving within an extended 5th wave with room down to 125 – 124 area. Keep in mind that a rise back towards above 130’00 is needed to confirm a bullish reversal turn.
We see strong resistance on US yields at 2%.
