US 10-yr yield Bearish Cypher, what it means for markets?

TVC:US10Y   US Government Bonds 10 YR Yield
About 5 days ago, I had pointed to the possible Bearish Cypher formation on the 10-yr treasury yield. The pattern stands completed today.

Point D = 1.499% = potential reversal zone (PRZ) has been tested. As per the pattern, we should be heading down from here. For related markets this means -

US stocks may be in for correction
USD/JPY             rally could run out of steam if treasury yields slips from PRZ
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