Treasuries are in flat till autumn
5 wave structure between Aug 2021 and Oct 2022 seems complete since the interment broke though the trend channel. Most likely the it will be forming a sideways correction flat of triangle. I see two possibilities:
if 4.3% gets reached first then it is opportunity to sell USD, alternatively (if 3% gets reached first) then it is a chance to buy USD.
- scenario #1: it goes up to 4.3% and then fall towards 3.3% or
- scenario #2: it goes down to 3% and then go up to 4.3% and down again to 3% level
if 4.3% gets reached first then it is opportunity to sell USD, alternatively (if 3% gets reached first) then it is a chance to buy USD.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.