US10Y approaching a structured top

The US Government Bonds 10 YR Yield has been trading within a Channel Up since the early August low. The price is currently way above the 1D MA50 (blue trend-line) and after a strong rally it is now within a structured Channel Up. The pattern resembles the October structured Channel Up, which led to a top and pull-back back below the 1D MA200 (orange trend-line).

Assuming this stands again, we should be expecting a top by the end of next week. In any case, if the 1.695 Support breaks earlier, the target would be the 1D MA200.




--------------------------------------------------------------------------------------------------------

** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **

--------------------------------------------------------------------------------------------------------