10Y Rate - Headed Higher

Today you can review the technical analysis idea on a 1W linear scale chart for 10 Year Treasury Yield (TNX).

In December 2021, I posted a chart showing that the 10Y rate was going to go much higher. I was exactly on point almost to the exact number.

Today I was reviewing the 10Y rate chart and saw the RSI formed a double bottom base with the 10Y rate ready to make another move higher. I also added in the Keltner Channel indicator which shows that when the 10Y rate is higher than the median line, there is a strong chance it touches the top of the Keltner Channel. I see the 10Y as well as other long term rates going much higher as shown in the chart.

If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.

Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics

Kommentera:

gave a heads up on this a week ago!