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US 10 Year Treasury notes

The oversold reading did not even last for a day for US bonds and everyone is in panic again. But using channels till this low holds why cant wave 4 up develop for the 10 year. It can. So ideally the 10 year notes will rally to the upper channel line and then start wave 5 down in the coming days. This maybe temporary relief to the nerves of everyone in panic over rates. The wave 5 down is coming.

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