TNX Ascending Channel

TNX has been rising, but it's forming an ascending channel that could lead to a bearish break below. Currently sitting near the bottom end of the channel. The jobless claims from today should push this lower as traders anticipate rate cuts starting in September.
Chart PatternsTrend Analysis

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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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