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Potential Price Channel For 10-Year Treasury

Published 08/05/2015, 11:13 AM
Updated 07/09/2023, 06:31 AM

10-Year Treasury_1

Ten-Year T-Note Price Channel (Red) would be Heading into Critical Decision Wave

The 10-year t-note has formed both a megaphone and a potential price channel across the neckline of its potential inverse H&S.

10-Year Treasury_2

10-Year’s Price Channel has Formed Across the Neckline (Blue) of its Potential Inverse H&S

A small megaphone down here suggests the ten-year will be bottoming here and confirming the price channel with a new high within it.

The next wave up in the price channel would be the critical decision wave between starting a top (purple scenario in top chart) and setting up a breakout into a melt-up channel (green scenario in top chart). The purple scenario would cancel the inverse H&S while the green scenario would confirm it.

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