I haven't updated my 10Y Bond Yield outlook in almost a month, ever since calling the top and the potential of a bearish reversal:
The top successfully took place and the rejection gave way to the reversal on which the price has been trading until now. The similarities with the March - May formation remain and have even become stronger. As you see there is a Triangle pattern on both which in June it broke aggressively to the down side turning the 1D MA50 (blue trend-line) into its Resistance until late August.
Right now the 1D MA50 is supporting. If the price breaks below it and gets rejected there (turning it into a Resistance) on the first test, then I expect the US10Y to targe the 1.125 Support. Until then, we are trading sideways within the Triangle.
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The top successfully took place and the rejection gave way to the reversal on which the price has been trading until now. The similarities with the March - May formation remain and have even become stronger. As you see there is a Triangle pattern on both which in June it broke aggressively to the down side turning the 1D MA50 (blue trend-line) into its Resistance until late August.
Right now the 1D MA50 is supporting. If the price breaks below it and gets rejected there (turning it into a Resistance) on the first test, then I expect the US10Y to targe the 1.125 Support. Until then, we are trading sideways within the Triangle.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.