Note how the blue line H&S achieved its target at 27. An additional H&S (black lines) uses the 29 level as a neck line. Thus, head at 37.5, neck at 29.0 is a 8.5 difference, thus, 29.0-8.5=20.5. Target achieved. The positive divergence over the last month will help yield move sideways thru 195-235, 1.95%-2.35%, over the short term. Over the weeks and months ahead, however, lower yields under 1.95% are expected.
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