Huge consolidation into a descending triangle, this one's a gapper so the pattern isn't clean but it's there. Volume also confirming it
The $DXY is reaching a key decision point. It’s teetering on a very key level. Looks like it is breaking down. If it holds. Looks like a double bottom. If it fails it will be putting in lower highs and lower lows
As described within the chart, there is an excellent opportunity here with going long TLT (20 year bond etf)... Oil took a small turn down today (still expecting sub $50) and could be seen as an indicator of further downwards price action for risk on assets... Equities continue to grind higher with little news propelling it forward... Gold is also looking towards...
Daily Chart Explanation: - Price was on an Ascending Channel and broke it. - Now, it is developing a Bearish Corrective Structure. - If price breaks it, it has potential to move down towards the Middle Support Zone first and, then, continue towards the Primary Support Zone . Weekly Vision: 4H Vision: Updates coming soon!
Long story short. New highs incoming. I went long today before VIX loses its mind from the good ole "EVERYTHINGS GANA CRASH" people and premiums on calls/puts go wild. ---Indicators: RSI is trending up. not over bought yet. Gold sold off hard today. Still down trending off a massive weekly resistance TLT had money go into it and its rise got smacked back down...
We have couple of supply zones above current price but also big strong Daily Demand zone below so... after drop to demand there is a big chance to rally up to supply zone and even further keep these number is your mind ;)) ________________________________________________________________________________________ Golden Trading Rules: Treat Trading Like a...
This trend line in $TLT has held 4 times since late-'18, the last time crossing at horizontal support. RSI remains positive with a breakout & retest. This is one possible wave count, but rising support is key here.
TLT is a 20+ year bond ETF that made strong highs throughout the rate-cutting cycle and rightfully so. The inversion of bonds vs the equity market has caused bond yields to drop and because of that since the price of bonds is directly inversely correlated to their yields, prices in TLT and other bonds have been increasing. The low rates have come to a halt as the...
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Are we going to see the 10 - year yield getting out of the downtrend or ready to move lower? As yields in bonds is getting better, gold starts to lag nicely as it is being dumped pretty fast. Stocks are getting FOMOed aggressively, but yields are starting to rise again. Reaching that critiral point to answer our question will define if the stock's rally is near...
The German Dax had a breakout (not into all time new highs) but a breakout of a resistance level. However, we have failed to continue the momentum, and we are getting signs that this is losing steam. We have created a range/ triple top pattern after multiple higher lows and higher highs. It seems that the uptrend is about to reverse. Await for the break and...
Looking at the listless range in Bitcoin, we are beginning to think Bitcoin (BTC) is going to need some help to get going again. We saw a tweet yesterday suggesting that every time the Fed lowers interest rates, they are effectively trying to devalue the Dollar. According to the person that wrote the tweet, each drop in interest rates is an advertisement for...
Nice volatility and breakout showing in bottom of the range in US10Y. Take a fast look at Monthly chart: It obviously we have a support here, and we are going to reverse to 2.12 and probably to 2.55
LQD just bucked a very important trend line. If investors have indeed lost confidence in corporate debt and we see follow through, then I see this as a bearish signal for stocks too. Typically the bond market is known to be correct over the equity market as large institutions with more knowledge than retail traders deal with bonds directly. To see corporate bonds...
If you follow my work, you know how the Bond market is crucial to my analysis. It is the largest market in the world, and we are heading to a period where central banks really have no ammunition anymore and are using rhetoric to maintain confidence in the system. The history of humanity is cycles of hard money and soft money. It seems we are reaching the end of...