• 317 days Could Crypto Overtake Traditional Investment?
  • 322 days Americans Still Quitting Jobs At Record Pace
  • 324 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 327 days Is The Dollar Too Strong?
  • 327 days Big Tech Disappoints Investors on Earnings Calls
  • 328 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 330 days China Is Quietly Trying To Distance Itself From Russia
  • 330 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 334 days Crypto Investors Won Big In 2021
  • 334 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 335 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 337 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 338 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 341 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 342 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 342 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 344 days Are NFTs About To Take Over Gaming?
  • 345 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 348 days What’s Causing Inflation In The United States?
  • 349 days Intel Joins Russian Exodus as Chip Shortage Digs In
Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast

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…

Contact Author

  1. Home
  2. Markets
  3. Other

$TNX (10 year yields) Elliott Wave Analysis: Near-Term Pullback Then Extension Higher

Short term Elliott Wave count suggests that pullback to 1.542 at 9/28 ended wave X. The rally from there looks to be unfolding as a 5 wave move and could complete in 1.779 – 1.816 area. Afterwards, it would need to break below the red wave iv low at 1.718 to confirm wave (a) completed and wave (b) pull back would be expected to hold above 1.542 low for an extension higher. We don't like chasing strength at current levels or selling the proposed pullback and expect to see buyers appearing in proposed wave (b) pull back in 3, 7, or 11 swing as far as pivot at 9/28 low (1.542) stays intact. Buying the 10 year yields is equivalent to selling 10 year notes ($ZN).

$TNX Elliott Wave Analysis Chart
Larger Image

 


At EWF we offer 24 hour coverage of 52 instruments from Monday – Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Free Trial to sample everything EWF has to offer.

 

Back to homepage

Leave a comment

Leave a comment