US GOV BONDS 10 YR YIELD - MULTI TIME FRAMES

M1 : Ongoing bearish (yield) donwtrend in progress !
W1 : Currently below TS and still above MBB. Watch 1.4840 ahead
of 1.3240, the latter being the key pivot levels on this time frame.
D1 : Roughly in the middle level of an ongoing donwtrend channel, within the clouds
Watch carefully at the bottom of the clouds. A daily closing below the clouds (around
the 1.5000 area) would be the first warning signal, calling for further downside
H4 : Failure to hold above the clouds triggered a sharp downside move which went very quickly
below the clouds to a low so far of 1.5520 !!!
H1 : Below the clouds, no trend reversal signal yet
M30 : Same than H1, trying to upside breakout TS without success for the time being.
M15 : MBB working well so far as the first resistance level to break on the upside
M5 : Below the clouds
CONCLUSION :
BROAD PICTURE REMAINS GLOBALLY BEARISH CALLING FOR LOWER LEVELS TOWARDS THE 1.30 AREA !
WARNING , A BREAKOUT CONFIRMATION OF THE 1.3000 AREA WOULD BE SEEN AS NEGATIVE, CALLING FOR
FURTHER DOWNSIDE TOWARDS THE 1.15% AREA (50 % FIB RET) AHEAD OF THE 1.00% (61.8 % FIB RET)
ONLY A SUSTAINABLE RECOVERY ABOVE THE FORMER HIGH @ 1.7740 WOULD FORCE TO A VIEW REASSESSMENT
OF THE BEARISH EXPECTED SCENARIO.
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