Descending TNX wedge break-out

٢٤ مايو ٢٠١٥

Following JR's excellent analysis and chart on TNX, I wished to further investigate the technical characteristics of TNX on a relatively shorter timeframe. The most important observation concerns the ending wedge break-out, retest and upward escape. I will be much more confident in this price motion, when the pitchfork is also overcome. All indications point to a high probability of this happening in the near future.