The chart below is the price action of the 10 Year Bond and it is even more defined and clear. We are approaching the end of the formation.
Currently we stand at the edge and a single big red day may mean a continuation of the down trend. Oil and stocks seem to be topping or at meaningful resistance. Does this mean an imminent drop? No. I am no bear and I frankly don't care which way the markets go, but caution is very much advised. A daily close past the respective resistance/support lines will be a giant red flag for risk assets. Precious metals will likely also drop in such a situation as they have been trading similarly to stocks. However, the drop will likely be far less severe than the last one.
This is not trading advice, but purely my personal opinion.