Preferred view is that a mid-term low has formed @ 0.8153 and completed wave (( B )) on the daily time frame. Pair is in wave ( v ) of (( c )) higher toward 0.8400 – 0.8420 region  to complete wave A. After that pair should make a pull back in wave B which […]

Preferred view is that a mid-term low has formed @ 0.8153 and completed wave (( B )) on the daily time frame. Short-term consolidation is taking the form of a triangle and is valid as far as price stays above 0.8327 low. As this level holds, a push higher toward 0.8400 – 0.8420 region is […]

The Expanded Flat correction is a common corrective structure seen in: Wave 2 and Wave 4 of a Motive Wave The connector wave in a Zig Zag pattern Any part of a Double or Triple Correction Structure of an Expanded Flat Correction In a Bullish Trend Scenario: Wave A – Price moves against the trend […]

Preferred view now is that 10 year yields have completed wave ( B ) at 2.82% and have resumed the decline. Bounces should now prove corrective and as far as they stay below 2.82%, we would expect more downside in TNX. We don’t like buying into proposed bounces. Primary view calls for a drop to […]