TNX had weakened quite a bit after topping out in April and falling below its ascending wedge. However, after some consolidation, we now have a bull flag breakout that could lead to a much larger move, looking pretty scary for bulls if you ask me. It'll be interesting to see if TNX reacts to what Powell says in the morning. This will be an important watch either way.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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