US 10 YR has now bounced on the 200 Day MA as Jobless Claims reported a rise today.
So we can expect another test of the yellow trend line again at 4.37%
We want this bounce to be at the very least a wave b bounce and then reject and go to a lower green fib for wave c....at the very least.
Best case scenario would be a full rejection, followed by a lower low and not holding support on the green fibs and the price drops down below the low in Sept to hit our Wave C.