View: $UKT10Y.jpg


10 year UK treasury yield inverse H&S


Can see two inverse H&S. One small one inside one big one where the right shoulder is still forming. The chart appears to be suggesting that there is a good chance that the 50 wma may hold or be followed closely. Despite the ominous-looking MACD it looks like there is a good chance that price will move towards the 200 wma. What really excites me is that there is a similar pattern with $UKT10Y:$UST10Y . Which hints that the completion of the right shoulder could be a fairly quick move i.e. by mid April. 2/17/17