ascending triangle on bonds - hmmmmmmm

Taking a look at the 10 year bonds, we can see that the highs just under the 133 line have held really well. So much so, that we would not call this the resistant line on an ascending triangle.

See how both the sellers and buyers are now being squeezed and we  have a very very tight range. Normally ascending triangles are bullish patterns, and we shall see what happens in the next few days.

A breakout in the upwards direction on bonds, to the 133 - 134 area will again put pressure on the market.

ascending triangle pattern on bonds

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