Bonds: 10-12% further downside?

Based on the TLT pattern shown here, bonds may have much further below to go.

They've continued to steadily sell off as rates have continued climbing, and show no signs of a long-term bounce.

Target 1 has been breached, leaving target 2 in the crosshairs: $86-87.

Trade attivo:

$TLT down another 2% to $98 post CPI print.

The grind down continues...

Trade attivo:

News lows today...

Trade attivo:

New lows again: $97.04

Trade attivo:

Another day, another new low: $96.46

Trade attivo:

Now $95.57

Trade attivo:

Now $92.83

Trade attivo:

Now $91.90