2021/12/05 15:25 PM – US 30 YEARS – W1 – CLOUDS BROKEN !

US 30 YEARS – W1 – CLOUDS BROKEN !!! by Ironman8848 on TradingView.com

Last week price action triggered, as for the US 10 years, a long black candle which in this case also broke the weekly bottom clouds support level @ 1.85.

The US 30 years is currently on an ongoing downtrend channel , very close to the 50 % Fibonacci retracement @ 1.6130 (0.71-2.5160); RSI below 50 @ 34.04.

Watch closely price ongoing price action and monitor closely the Lagging line which for the time being, after having successively broken the Mid Bollinger Band and the Kijun-Sen is still above the clouds !!!

A failure, for the Lagging line to close on the next weekly closing basis above the clouds would add further pressure to the downside in putting the focus for lower levels towards the next significant support area around 1.40% which is also the 61.8% Fibonacci retracement.

CONCLUSION :

As for the US 10 years, watch and monitor closely price action on a daily and intraday basis to detect early reversal signal (s) which for the time being should be seen as a corrective move in broad ongoing (yield) bearish trend .

Ironman8848

Disclaimer :

All views expressed on my analysis are my own and do not represent the opinions of any entity, whatsoever with which I have been, I am now or I will be affiliated with. Any action you take upon the information on those analysis is strictly at your own risk and should not be considered as an advisory. The author assumes no responsibility or liability for any errors or omissions in the content of his analysis. The information contained is provided on an «as is» basis, with no guarantees of completeness, accuracy, usefulness or timeliness and without any warranties of any kind whatsoever, express or implied. 

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