US GOV BONDS 10 YR YIELD - MULTI TIME FRAMES - ONGOING DOWNTRENDM1 : Levels to watch :
Upside : 1.80
Downside : 1.4880
W1: Last week closing below Tenkan-Sen
D1 : In an ongoing downtrend channel, currently below TS and MBB;
currently traded around the top clouds support zone and still above
the middle level of this downtrend channel.
H4 : Last recovery attempt towards 1.69, failed !Below KS, MBB and TS. Bottom of the clouds
support has been tested !
H1 : The low reached @ 1.5940 triggered some corrective recovery, but still below the clouds
M30 : Recovery attempt in progress towards the clouds resistance area.
M15: Clouds, for the time being, rejected the breakout attempt.
M5 : In the clouds, looking where to go...
CONCLUSION :
THE TREND IS YOUR FRIEND AND ONLY A SUSTAINABLE MOVE ABOVE 1.8000 WOULD FORCE A VIEW REASSESSMENT
OF THE EXPECTED (YIELD) BEARISH SCENARIO.
Ironman8848
