The U.S. 10-Year Treasury bill Just Reached VWAP of its Bottoming Megaphone (Red)
The 10-year just reached VWAP of its red bottoming megaphone.
I expect it to form a bottoming megaphone across VWAP that gets the price to the bottom of the orange rising megaphone.
Then it should be up to the triangle top, partial wave down, and a melt-up to the top of the orange rising megaphone or well into the middle of it, where it could start moving sideways to form a top.
This scenario would be cancelled by a breakout through the bottom of the potential orange rising megaphone. In that case, the trip to the red megaphone bottom would set up a potential head and shoulders.