US10Y - Technicals Over Sentiment, Bearish Leg Starting?United States 10 Year Government Bonds YieldTVC:US10YRayannsrUS10Y respected the technical structure despite the recent hawkish sentiment. Price rejected the resistance area and the upper boundary of the weekly symmetrical red triangle, then broke below both the EMA50 and the green trigger area, which provided an early indication that a bearish leg may have started. This move increases the probability that the recent reaction was driven more by technical factors than by the hawkish tone. Price is now testing the EMA100, where a short-term reaction may develop and lead to a retest of the green area before continuation lower. If the bearish scenario remains valid, the next area of interest becomes the lower boundary of the symmetrical triangle aligned with the support zone. 📌From a broader market perspective, US Treasury bonds are often considered lower-risk assets. Continued downside in US10Y yields may serve as an early signal that investors are gradually becoming more comfortable increasing exposure to higher-risk assets such as equities, cryptocurrencies, and other asset classes. However, confirmation across broader market conditions remains important. The reaction around EMA100 may provide more clarity on whether the market is preparing for continuation lower, or if buyers still have room to challenge the breakdown. ⚠️Disclaimer: This analysis reflects my personal market view and is not financial advice. Rayan Nasser #US10Y #Bonds #TechnicalAnalysis #PriceAction #EMA #MarketStructure #MacroAnalysis #Trading