Please read the full analysis to get the complete picture.
Let's start with the trend lines.
We have three increasing angles of support trend lines. The third one marked with this week's low so it might change if we happen to get a lower low.
For the resistance we have R1 which is anchored at the ATH at the December 2024 top. This resistance trend line was...
US02Y could be repeating a pattern from August 2024. Hidden bearish divergence (continuation of lower highs) and rejection of RSI from level 40. Following the rejection, the yields went lower.
US02Y going lower is bullish for risk assets.
In addition, US02Y could be on the verge of a fifth Elliott wave to the downside. The second wave overshot a little the...
We start our Elliott wave count at the bear market lows (Nov 2022). The first wave tops in March 2023 starting the second wave that bottoms at the 0.618 Fib (typical second wave). The third wave tops along with most of the crypto market in end of March or early April 2024. Then the fourth wave corrects more than expected barely holding the 0.382 Fib, the first...
