The US 10 year Treasury Future has reached its Shoulder-Head-Shoulder target extending it close to strong key support at around 117½. A correction should be expected from here.
With the past 4-5 weeks of selling pressure a correction is likely possibly up to test the longer term rising trend line i.e. up to around 121½. However, trend is down and key support is not unlikely to be taken out. A possible picture is illustrated by arrows on the monthly Futures chart.
RSI is in extreme territory currently at 22 indicating massive oversold but with no divergence. A correction on the Future is likely to lead RSI to test its falling trend line.