Ready for upmove ?Triangle is being formed in 10Y GOI. Upside breakout is likely in coming 4-6 weeks.
Disc: It's not a recommendation to buy or sell. Do your research.
10yryields
Rounding bottom (Cup & Handle) formation breakout?? #US10YCharts show breakout of rounding bottom formation on Weekly/Monthly charts of US 10year yields. Already got monthly closing above the breakout line.
If sustains above the breakout line minimum target for 10y yield will be around 5.5/6.5 pc. If so, there will bloodbath across all asset classes. Only below 3.4/3.3 negates the idea.
Brace! Brace! Brace! If true, difficult times ahead.
Hope I'm wrong.
Happy trading
US 10y bond on a Ascending triangleUS 10y bond on a Ascending triangle. hopefully it will return from top resistance on concern over delta variant. watch for breakout.
