Head & Shoulders pattern: 10 year yield could drop to 2.87%
The series of tops shaped notorious Head & Shoulders pattern
on 10-Year Treasury yield (TNX).
The tallest peak is the Head and Shoulders are on both sides.
The Neckline is the support that is built through valleys of the Head.
The price has breached the Neckline this summer triggering the pattern bullish scenario.
The target is calculated by subtracting the height of the Head (from top to Neckline) from
breakdown point on the Neckline. It is located around 2.87%.
Almost 1% down from the current level
on 10-Year Treasury yield (TNX).
The tallest peak is the Head and Shoulders are on both sides.
The Neckline is the support that is built through valleys of the Head.
The price has breached the Neckline this summer triggering the pattern bullish scenario.
The target is calculated by subtracting the height of the Head (from top to Neckline) from
breakdown point on the Neckline. It is located around 2.87%.
Almost 1% down from the current level
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