Saturday, February 21, 2015

[$TNX.X] update

The backlink model is essentially unchanged even if wave 2 extended up a bit more than expected on Friday.  My current model is below.  We will know wave 3 up has likely begun if and when the chart makes a higher high than green 1.  But a 5 wave move down to the level of the prior 4th which is also the 38.2 fib suggests that a strong buying opportunity has presented itself for the wave 3 up that will likely follow.


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