2021/12/19 21:25 PM – US 10 YEARS – W1 -DARK CLOUD COVER !

US 10 YEARS – W1 – DARK CLOUD COVER ! by Ironman8848 on TradingView.com

We are going to look at the weekly and daily time frames.


Last week price action triggered a “Dark Cloud Cover” pattern ( bearish !) with its weekly closing level
below the Tenkan-Sen and the cluster (Kijun-Sen & MBB ) and also already within the weekly clouds support area .

RSI below 50, @ 47’98

This Dark Cloud Cover pattern neutralized the previous white candle (harami), I mentioned as a first warning signal in my previous analysis (see related ideas below) and therefore the door is reopen to the downside towards former low of 1.34% first and then probably lower.


Currently in an ongoing downtrend channel since the failure to upside breakout the clouds on a daily closing basis (Nov 29th).

Below the clouds, the Kijun-Sen, the MBB and the Tenkan-Sen.

RSI below 50 @ 42.44

The daily picture does not look very encouraging for the upcoming trading sessions and it is likely to see further downside towards 1.34% first and then towards the bottom line of the ongoing downtrend channel .

38.2% Fib ret @ 1.22%, 50% @ 1.05% and 61.8% @ 0.88%

In order to neutralise this ongoing (yield) downside pressure the US 10 Years should recover at least above 1.50 % – 1.55 %

Ironman8848 & Jean-Pierre Burki

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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