Regardless of the fundamentals that are dominating the global economic scene (trade wars), there is an interesting long term, and rather cyclical from the looks of it, pattern developing on the U.S. Government Bonds 10 YR Yield.
The pattern is a declining Head and Shoulders formation on 1W. The last two times that the same pattern emerged (in 2017 and in 2015 - 2016) the price broke higher very aggressively, surpassing the peak/ head of the formation. In 2017 the patterns duration was around 280 days while in 2015/2016 around 460 days. We are currently on the 360th day of the running pattern. Purely from a long term technical perspective it may be the right time investing in these bonds.
** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
The pattern is a declining Head and Shoulders formation on 1W. The last two times that the same pattern emerged (in 2017 and in 2015 - 2016) the price broke higher very aggressively, surpassing the peak/ head of the formation. In 2017 the patterns duration was around 280 days while in 2015/2016 around 460 days. We are currently on the 360th day of the running pattern. Purely from a long term technical perspective it may be the right time investing in these bonds.
** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
Telegram: t.me/investingscope
www.investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
www.investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial