10-year T-Note recovery?

The 10-year U.S. T-Notes made an intra-day recovery from the lows, which can be the first indication of a completed sub-wave 5 of three. If so then a new higher degree correction can now be in the making within wave IV, which can see limited upside and resistance around the 121'09 level. From there a new drop may follow, into final wave V.

10-Year U.S. T-Notes, 4-hour