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Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to…

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$TNX Short-term Elliott Wave Analysis

Short term Elliottwave structure suggests that cycle from 3/16 peak, i.e. 2.00, has ended with wave W at 1.518. Rally from there is unfolding as a double three where wave (w) ended at 1.62 and wave (x) pullback ended at 1.604. Near term focus is on 1.706 - 1.73 area to complete wave (y) of ((w)) and end cycle from 6/16 low, then the yields should pullback in wave ((x)) before turning higher one more time in wave ((y)) of X.

TNX Short-Term Elliott Wave Analysis Chart
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