2021-07-20 US 30Y Yield - retracement

Interesting price action on US 30 year bond. Inverse head and shoulders potentially developing at previous breakout area.

Fibonacci retracement levels nicely coincide with current level.

There's always the backdrop of more QE and a deflationary shock that could result in a double bottom or worse... At least the floor is 0% right lol? What a mess