The U.S. Government Bonds 10YR Yield (US10Y) is trading within a 2-year Triangle pattern and following this week's trade events, got back on its 1W MA50 (blue trend-line). A potential break-out either way from this long-term pattern will be massive.
We do believe though that there are higher probabilities for a bearish break-out as the 1W MA50 is about to cross below the 1W MA100 and form the first 1W MA50/100 Bearish Cross since July 22 2019. Interestingly enough, that was following the last Trade War between the U.S. and China.
At the same time, the 1W RSI has been within a Channel Down since late 2022, indicating a huge Bearish Divergence.
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We do believe though that there are higher probabilities for a bearish break-out as the 1W MA50 is about to cross below the 1W MA100 and form the first 1W MA50/100 Bearish Cross since July 22 2019. Interestingly enough, that was following the last Trade War between the U.S. and China.
At the same time, the 1W RSI has been within a Channel Down since late 2022, indicating a huge Bearish Divergence.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.