MillionaireEconomics

10 Year Rate: Price keeps moving up!

TVC:TNX   CBOE 10 YR TREASURY NOTE YIELD
Quick Analysis on 10 Year Treasury Yield on a 1D Linear Chart.

1) The US 10 Year Treasury Yield has been respecting a falling channel for multiple decades going back to the 1980s.
2) It has broken out of the top trendline of the falling channel with a recent re-test of the S/R line.
3) The measured move of the falling channel would bring it back to Pre-2008 ranges (LONG-TERM). The measured move is noted.
4) There was a Bull Flag Pattern forming on the charts within the falling channel pattern, which helped the price move higher. The measured move for the SHORT-TERM is noted.
5) I discussed this breakout in the first week of December 2021 when the price was still at around 1.40ish. PAY ATTENTION!

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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk

I chart on Tradingview: www.tradingview.com/symbols/BTCUSD/?aff_id=25106

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