This dual breakout occurs after a from the Potential Reversal Zone at 115.50-116 of TLT's 10-month . On this basis, TLT is poised to move substantially higher as the belly-to-deep end of the yield curve flattens. However, major resistance lies just overhead (orange) around 123.50. If this level is breached, the way is open to fill in 04/29's gap near 127 next. At this point momentum is constructive, but remains anemic (though that did nothing to stymie the advance from 115 in mid-July).
Technical N.B. on the Bat: The of XA at B is not a characteristic Bat measurement, though it does arguably fit the standard criteria because it is "less than 61.8%". An alternate draw plots B above early March's 2-session Island Bottom that indisputably matches the criteria. As a less pedantic user of and practitioner with Harmonics, I've found 61.8% B and 88.6% D is a prevalent combination and patterns incorporating this combination of retracements fare well.