US02Y 2023-24 ForecastUpper trendline projected double-top, providing room for equity melt-up rally. Double top = Monthly bearish div --> crash
Top 1: 2.15
Top 2: 2
Bear Market Start: H1 2023
Bear Market End: H2 2024
Usgovernmentbondyields
US10Y Bearish this month, bullish the next.The US10Y is following exactly the pattern of October - November 2021. After a strong Channel Up, it broke to the downside, below the 1D MA50 (blue trend-line) and marginally under the Support of the Channel Up first Low.
Based on the November pattern, the price should decline for the rest of the month, making a Lower Low below the Support and quite likely near or on the 1D MA200 (orange trend-line). The opportunity to turn bullish again will be in early - mid April.
Notice how even the 1D CCI sequences of the two fractals are virtually identical.
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