the course of the 5 years treasuries have rosen from 1.62$ to 2.60$.
Even if the market expectations for higher interest rates are still active we can see a little consolidation on this level - which is the fib retracement 100.
After the consolidation in this flag pattern we can expect a continuation of the rise to prices around 2.90$ (fib extension 1,272%).
RSI: a little bit weaker but still in buy zone
ADX: DI+ just turned to up, but low momentum
conclusion:
no change in trend, only some consolidation
Even if the market expectations for higher interest rates are still active we can see a little consolidation on this level - which is the fib retracement 100.
After the consolidation in this flag pattern we can expect a continuation of the rise to prices around 2.90$ (fib extension 1,272%).
RSI: a little bit weaker but still in buy zone
ADX: DI+ just turned to up, but low momentum
conclusion:
no change in trend, only some consolidation