Elliott wave Analysis: 10 Year US Notes Update
Possible is seen at 119'20, where red waves 1 and 5 would become equal. That said, divergence on the also suggest a potential turning point.
An is a special type of pattern that occurs at times when the preceding move has gone too far too fast, as put it. A very small percentage of ending diagonals appear in the C wave position of A-B- C formations. In double or triple threes, they appear only as the final “C” wave. In all cases, they are found at the termination points of larger patterns, indicating exhaustion of the larger movement.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.