US 10 YEAR
Added 2023-11-08 18:34:41 +0000 UTCGood exercise yesterday, where we showed and explained that if a stock bounces up in 3 waves, it then moves lower next, to a new low and moves down in 5 waves the majority of the time and this has happened again today.
This is now confirmed that the trend is moving downwards.
After this current decline to a new low, we may expect a relief bounce.....likely in line with the market needing to decline to find a support level and a higher low.
This has been a good topic to discuss how different macro conditions influence the market and how in spite of the difference in assets, EW Theory is found on every chart.
