US 10 Year Treasury Yield (TNX) - 29th August 2024 | @ 491 Days | + 5.37%
Last Trade: + 5.37% | 'B' class signal detected in the US 10 Year Treasury Yield. Running at an average wavelength of 491 days over 8 iterations since September 2013. Currently troughing.
ΣL Cycle Summary
This long term wave, which is particularly well phased to price lows in our sample of 8 iterations since 2013, took some time to breach the previous trough during the latest down swing. That low is now breached and leaves a neutral to bullish cycle shape (last cycle low ~ May 2023, see below) with the next trough of this component imminent. A test of the highs around 4.7 and 5 should be targets for the 10 year yield at this juncture with the next peak due mid 2025. Note the relatively wide margin of error (+- 65 days) in the signal details below which is inherently due to the longer wavelength of this cycle.
Trade Update
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous report for this instrument, linked below.
Type: Late Sell - US 10 Year Treasury Yield
Entry: 30th January 2024 @ 4.059
Exit: 28th August 2024 @ 3.841
Gain: 5.37%