We’ve been using two rally targets of different degree: a relatively minor one at exactly 2.979%, and a very important one at 3.112% that comes from the long-term chart. However, rates on the Ten-Year Note have actually been trending moderately lower since peaking on February 21 at 2.943%. Have they perhaps made an important top?  We’ll be better able to answer this question if and when the Ten-Year rate falls to the red line, a midpoint Hidden Pivot support at 2.849%. Typically, if the dominant trend toward higher rates is to continue, a corrective one such as we are seeing now will reverse from the midpoint pivot. Alternatively, if the downtrend were to decisively breach that threshold, falling to 2.830% or lower, it would shorten the odds of a further fall to the pattern’s 2.784% target.  (Incidentally, I have switched to three-decimal places for my targets and technical levels because the Hidden Pivot Method is capable predicting swings with three-decimal accuracy — or even five-decimal accuracy in the case of some currencies that are reported with five decimal places.) _______ UPDATE (March 13, 9:20 p.m. EDT): The opening-bar plunge to 2.830% demolished the midpoint support, significantly shortening the odds of a further decrease in ten-year rates to at least 2.784%. ________ UPDATE (March 14, 6:58 p.m.): Please note that if the 2.784% target flagged above is decisively breached, TNX.X would be signaling more downside to at least 2.766% (A=2.943 on 2/21), whence a strong and presumably tradable bounce would be extremely likely.