Ten-Year T-Note Price Channel (Red) would be Heading into Critical Decision Wave
The 10-year t-note has formed both a megaphone and a potential price channel across the neckline of its potential inverse H&S.
10-Year’s Price Channel has Formed Across the Neckline (Blue) of its Potential Inverse H&S
A small megaphone down here suggests the ten-year will be bottoming here and confirming the price channel with a new high within it.
The next wave up in the price channel would be the critical decision wave between starting a top (purple scenario in top chart) and setting up a breakout into a melt-up channel (green scenario in top chart). The purple scenario would cancel the inverse H&S while the green scenario would confirm it.
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