US 10 year treasury yield: Elliott Wave forecast

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US 10 year treasury yield daily chart


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The above chart is the 10 year yield of US and it is suggesting that wave iv in a Slanting triangle is on the brink to complete after an extended third wave. After wave iv, wave v will move down which can drag prices lower below the end of wave iii. 

If this holds true the 10 year bond which is quoting at 128 can move up till 132 in near term.

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