A demonstration Of A 'Reverse Symmetry Move'I posted this chart on social media as it was breaking out and highlighted the target level. We can now see how the price moved. The target was reached as expected.
GB02Y trade ideas
British 2-Yr approaching old highs Follow me on TradingViewThe British 2-year is approaching its Oct highs, and this helping to drag rates up here in the US.
UK Recession coming?We have seen the same thing happening in the 07-08 and dot com bubble, yield curves inverted. Now considering the gas prices, inflation, QT, political uncertainty, supply chain problems, EU problems, and Russia - Ukraine war, all putting huge pressures on the economy, looking at the yield curves, weak pound and contractionary fiscal policy as well, the recession is on our doorstep.
UK government 2 year Bond Yield is above 50 days moving averageUK government 2 year Bond Yield is above 50 days moving average
