ZN1! trade ideas
Elliott Wave View: Further Weakness in Ten Year NotesShort Term Elliott Wave view suggests the decline in Ten Year Notes (ZN) from November 20 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from November 20 high, wave 1 ended at 137.075 and bounce in wave 2 ended at 138.08. Wave 3 lower remains in progress and unfolding in 5 waves impulse in lesser degree. Down from wave 2, wave ((i)) ended at 137.23 and wave ((ii)) bounce ended at 138.05 as an expanded flat.
The Notes then extends lower again in wave ((iii)) towards 136.16 and bounce in wave ((iv)) ended at 136.24. Expect wave ((v)) of 3 to end soon, then the Notes should bounce in wave 4 to correct cycle from December 21 high before the decline resumes. Wave 4 is expected to unfold in 3 waves zigzag. Ideally it should reach 23.6 – 38.2 Fibonacci retracement of wave 3 before the decline resumes. As far as wave 2 high at 138.08 remains intact, expect rally to fail in the sequence of 3, 7, or 11 swing for more downside.
Possible Selling Climax on 10 YEAR t-note on Intraday ChartPossible Selling Climax on 10 YEAR t-note on Intraday Chart
US 10 year T-note; Clearly a Continued SHORT!Despite appearances US T-Notes & Bills will absolutely obliterate US equity returns in this investment cycle! - The math being inescapable, despite all the wishful thinking in the world.
Let's put an exact number on it; How does >+4% annually over US Equities sound?! (Yes, do check the math - as I'm sure of it!)
Incidentally the U$D is bottoming here and it is a Massive LONG, for now.
E.g. The decline in US T-Notes is likely to be slow and shallow.
YIELDS GO UPZN futures broke the 200 EMA for the first time since the end of 2018.
Higher yields on the 10y treasuries are on their way.
But let's be clear. Government debt isn't a bad sign in general, but it will be interesting to watch how the FED will (or if they will) react to this new development.
It's a great sell T-Note ZN1! (see more in description)CBOT:ZN1!
Hi guys ,
so in this chart we suggest to sell market in this point , and you can renforce the quantity after the breakthrough of the support line 2
Bullish Flag On Gold - New Highs In 2021?Low interest rates and QE from central banks caused strong bullish trend across different assets. But what we see for the last few months is pullback on gold and US bonds, while stocks are printing new highs due to covid-19 vaccine that brings back optimism for move” back to normal life and economy” in 2021. However, stocks are very high and they may face a retracement next year, maybe even based on “buy the rumour sell the news impact”. In such case investors may look to hide in bonds or metals.
From a technical point of view we see US Treasurys bullish on a weekly scale, and they are unfolding five waves up from 2018 low where 5th wave is still missing as shown on 10 year US notes chart. If you are familiar with Elliott Waves, then you know that impulses need to be completed with five waves so new highs can be in the cards in 2021. In fact, current price action since March on the 10 year is slow and sideways, so based on personality and characteristics we believe it’s corrective wave 4. If we are correct, then more upside on 10 year is also going to be supportive for gold that may breakout of a bullish flag. Some traders and investors may also look at TLT here around current trendline support.
Happy holidays and all the best in 2021.
Trade well!
GH
New analyse about NZThere bullish here the price go up to 138 .08 as an high price for next 2 days there is strong buy order 80% of succes
Artistic look"The emergence of a bullish candle since yesterday, and now a strong candle appears near the VWAP, but it did not penetrate it, so it is better to buy after the price is above the VWAP
