This shakeout pattern is one a a few permutations that my clients see a lot in my work.
Here it is in oil recently.
Its a fast up and down high volatility top the leads to a weak ascending channel then down and down.
20 year yields also doing similar and I am trading this by buying TLT.
Not advice.
Very tradable.
Will probably get back to the next support structure, probably support @ $4.34% or it could be the yellow 50 day MA.
Here it is in oil recently.
Its a fast up and down high volatility top the leads to a weak ascending channel then down and down.
20 year yields also doing similar and I am trading this by buying TLT.
Not advice.
Very tradable.
Will probably get back to the next support structure, probably support @ $4.34% or it could be the yellow 50 day MA.
I'm taking a break from TradingView but you can find me every day in my Telegram Trading Group 🧐
Priority trades, round the clock updates and a 1 hour technical video per week 😼.
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Contact: t.me/dRends35
Priority trades, round the clock updates and a 1 hour technical video per week 😼.
$50 per month 👍🏻.
Contact: t.me/dRends35