US10Y ~ Bullish Downtrend Reversal (2H)

11 Des 2023

US10Y chart mapping/analysis.

US10yr bond yields finding bullish reversal off lower range of descending parallel channel (white) - further momentum pending upcoming 10yr auction + US economic data.

Trading scenarios into EOY:

• Bullish reaction to macro economic news = continued momentum to break above descending trend-line (white dashed) towards 38.2% resistance zone.
  
• Bullish extension target(s) = re-test upper range of descending parallel channel (white).
  
• Bearish reaction to macro economic news = reversal back below 50% Fib / 4.10% psychological support level / lower range of descending parallel channel (white) / ascending trend-line (green dotted) confluence zone.
  
• Bearish extension target(s) = Golden Pocket zone / 4% psychological support level / 78.6% Fib.
  

14 Des 2023

Catatan

US10Y chart update (Thurs 14/12):

• Hello Fed Pivot - R.I.P US bond yields lol.
  
• Bearish gap break below ascending trend-line (green, dotted)
  
• 50/50 call atm whether reversal to re-test trend-line / 4.02% gap fill, or continue selling to interact with 61.8% Fib &/or 66% Fib, TBC.