US Government Bond 10 Yr Yield is set to move Uptrend after Broke Down Trendline at 1.7% and about to break Resistance at 2%. After the Yield broke 2%, the Uptrend at least to 2.6% is confirmed.
US Gov. Bond 10 Yr Yield indicated Bottom when it failed to fall or even touch Support at 1.3%. On Sept’19, the Yield only reached 1.4% and then started a rise. That rise formed a Bottom pattern or Bullish Reversal pattern that indicated the end of Downtrend (from 3.25% in Nov’18).
This may signal a negative indication although not always the case.
US Gov. Bond 10 Yr Yield indicated Bottom when it failed to fall or even touch Support at 1.3%. On Sept’19, the Yield only reached 1.4% and then started a rise. That rise formed a Bottom pattern or Bullish Reversal pattern that indicated the end of Downtrend (from 3.25% in Nov’18).
This may signal a negative indication although not always the case.
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However, I also notice that the rise since Sept'19 (from 1.4%) can be seen as a Tech. Rebound which means that the Downtrend since Nov'18 (from 3.25%) might continue.
The yield must break 2% soon, otherwise, Bear Power (that makes yield rises) is getting weak.