30-year bond has created what looks like a “descending triangle” in the bottom half of the chart below. 65% of the time this leads to lower prices. Is it possible that Bonds break down out of the pattern and stocks break out to the upside?
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It may not seem “PROBABLE” yet it is “POSSIBLE!” Have no idea what the news would be to cause this situation, don’t care either….yet I will follow these price pattern breaks should they happen!