Elliott Forecast - Ten Year Notes ($ZN) Bearish Impulse Remains Incomplete

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Elliott Forecast

Daud Bhatti

Ten Year Notes ($ZN) Bearish Impulse Remains Incomplete

Short term Elliott Wave view suggests that cycle from 9.1.2023 high in Ten Year Notes ($ZN) remains incomplete. The decline is unfolding as a . Down from 9.1.2023 high, wave 1 ended at 109’19 and rally in wave 2 ended at 110’07. The Notes extended lower in wave 3 as an impulse in lesser degree. Down from wave 2, wave ((i)) ended at 109’08 and wave ((ii)) rally ended at 109’2.

The Notes then extended lower in wave ((iii)) towards 108 and rally in wave ((iv)) ended at 108’17. Final leg wave ((v)) ended at 107’07 which completed wave 3. Wave 4 is in progress to correct the decline from 110’07. Potential target for wave 4 is 23.6 – 38.2% Fibonacci retracement of wave 3. This area comes at 107’29 – 108’11. Near term, as far as pivot at 110’07 high stays intact, expect rally in wave 4 rally to fail in 3, 7, 11 swing for further downside.

30/09/2023 1 EN

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Elliott Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients. ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

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Analysts

Daud Bhatti

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Ten Year Notes ($ZN) Bearish Impulse Remains Incomplete

Elliott Wave Expects Silver (XAGUSD) Pullback to Find Support

Elliott Wave Analysis on SPX Looking to Extend Higher in Impulsive Structure

Ethereum (ETHUSD) : Incomplete Sequences Calling the Decline

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