I haven't really had the time to examine the squiggles but from an hourly standpoint, it sure looks like an impulse wave down from the 1850 high put in on 1/15/14.
However, until that wave (1) high is retraced into, this selling could be a wave (4).
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| 60 Min |
Of course this H/S should be watched. The right shoulder could use some more development though. We'll see.
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| Daily |
10 year yield coming up on it's wave 4 target at 38% retracement.
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| TNX |
