10-Year US Notes
After completing a three wave correction in B wave, Wave C now seems to be almost finished, as four sub-waves could already be viewed on the intraday chart. As we know wave C is an impulsive wave, which consist out of five sub-waves. Three of them, wave 1, 3 and 5 are impulsive, while the other two : 2 and 4 are corrective, with each having three more sub-waves.
As on this chart, we now believe that after wave iii is completed a minimum three wave correction may follow in wave iv, thus meaning that price may slow down a bit, before again searching for a new high in blue wave v.
10-Year US Notes, 4H
On the intraday chart of S&P500 we are observing an idea of a completed flat correction that took place in the blue wave iv. A flat correction is a contra-trend movement, that consist of waves A-B-C with a 3-3-5 structure. As of recent bounce higher, we believe that correction may be over and that last leg v can be underway towards higher levels, ideally reaching 2018 levels.
Interested in our services ? We have a Special Offer: Get First 2 Months For The Price Of 1!! Grab the opportunity now at www.ew-forecast.com