US10Y About to drop strongly after the 0.75% hike?
The US10Y recently broke below the August Higher Lows trendline and remains below the 4H MA50 since October 25. The bearish divergence that RSI's Lower Lows suggested is identical to the one in April, May. The price patterns are very similar and this was a sell signal that dropped to the 1D MA50 and the Support of the previous Higher Low.
We have drawn these levels on the current pattern and that Support is at 3.567 while the 1D MA50 at 3.667. With the 1D RSI still on Lower Highs and Lower Lows and the 1W STOCH RSI on a Sell Cross, we expect the US10Y to hit at least the 1D MA50.
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We have drawn these levels on the current pattern and that Support is at 3.567 while the 1D MA50 at 3.667. With the 1D RSI still on Lower Highs and Lower Lows and the 1W STOCH RSI on a Sell Cross, we expect the US10Y to hit at least the 1D MA50.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
## Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. ##
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Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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