From TradingView · · 40s
US10YR Technical Setup: Head & Shoulders Pattern
US10YR yield shows potential head and shoulders pattern for bond prices.
In brief
US10YR yield shows potential head and shoulders pattern for bond prices. US10YR yield may drop to 4.70% if head and shoulders pattern breaks. Originally reported by TradingView.
US10YR Technical Setup
US10YR yield recently peaked above 5.30% to form the head before pulling back to test key neckline support near 4.95%, 5.00%.
Right Shoulder Development
Current consolidation around 4.98%, 5.05% marks the development of the right shoulder.
Downside Target
A confirmed breakdown below the neckline projects a measured move down to 4.70%, signaling potential relief rally for bond prices and broader equity markets.
What matters most
US10YR yield may drop to 4.70% if head and shoulders pattern breaks.
