30 Year Treasury Bond yield found strong support at 61.8% Fibonacci retracement level.
Based on this pattern triggering on a move over ~21.60 you could expect a measured move to ~22 before hitting resistance. The timing of this breakout seems to be coinciding with market topping action which further strengthens the likelihood of this chart having predictive utility. This chart taken together with today's breakout in Treasuries (TLT) and over 30%...
10 - Year Treasury Note. Long entry on Support Line.and 38.2% Fibonacci Retracement Stop loss below Resistance Line Level. Take profit at 2.79 See below the links TYX 30 - Year Treasury Bond
Rising wedge and bullish divergence signify that we are going to be seeing a correction in the 10yr note. Agree or disagree?
watch for the resistance to hold up, if we want this rally to continue. bearish div on money flow is a good sign.