US10Y - Double Shakeout Back to 4.34% This shakeout pattern is one a a few permutations that my clients see a lot in my work.
Here it is in oil recently.
Its a fast up and down high volatility top the leads to a weak ascending channel then down and down.
20 year yields also doing similar and I am trading this by buying TLT.
Not advice.
Very tradable.
Will probably get back to the next support structure, probably support @ $4.34% or it could be the yellow 50 day MA.