At the begining, SMASH THAT LIKE AND SUBSCRIBE FOR FUTURE IDEAS!!
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I WANT TO KNOW WHY THIS ALWAYS HAPPENS!! WHY ALWAYS SAME PATTERNS ARE REPEATED IN EACH PRICE CHART!!
Just take a look on the #ZN1! also, it's price is governed by 3 major patterns (LINES) that you can play with them along all the history of price;
- First of all, the green line, which is the line that's plays the role of a MAGNET to the price like a VWAP, you can also clone it like showed on the graph. You will notice a nice green channel that is very nicely respected since 2000.
- The second line is the golden line, you can play with it, clone it, or even make a channel with it on the majority of bullish trends and you will see how it fits perfectly.
-Finally, the 3rd important one is the blue line. as you can see, it is very well respected after that the price settles on the golden line. (similar to #ES1! patterns, this is why there is a slight correlation between them even if i don't like correlations)
(go back in the graph and see how these lines repeats since 2000, i putted some of them on the chart)
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CONCLUSION:
I am always analyzing just price action, not predicting it.
The overall trend of the 10Y Treasury note future is bullish (long term). there is a larger possibilty for the price to remain in the golden channel or the green one by going back to retest the green support or even the red dotted line (strong bearish signal), but watch out for the resistance zone (strong bullish signal)
.
EVERY MARKET IS DRIVEN BY ITS OWN PATTERNS!! THE MAGIC OF MATHS POWER!!
****************************************
I WANT TO KNOW WHY THIS ALWAYS HAPPENS!! WHY ALWAYS SAME PATTERNS ARE REPEATED IN EACH PRICE CHART!!
Just take a look on the #ZN1! also, it's price is governed by 3 major patterns (LINES) that you can play with them along all the history of price;
- First of all, the green line, which is the line that's plays the role of a MAGNET to the price like a VWAP, you can also clone it like showed on the graph. You will notice a nice green channel that is very nicely respected since 2000.
- The second line is the golden line, you can play with it, clone it, or even make a channel with it on the majority of bullish trends and you will see how it fits perfectly.
-Finally, the 3rd important one is the blue line. as you can see, it is very well respected after that the price settles on the golden line. (similar to #ES1! patterns, this is why there is a slight correlation between them even if i don't like correlations)
(go back in the graph and see how these lines repeats since 2000, i putted some of them on the chart)
****************************************
CONCLUSION:
I am always analyzing just price action, not predicting it.
The overall trend of the 10Y Treasury note future is bullish (long term). there is a larger possibilty for the price to remain in the golden channel or the green one by going back to retest the green support or even the red dotted line (strong bearish signal), but watch out for the resistance zone (strong bullish signal)
.
EVERY MARKET IS DRIVEN BY ITS OWN PATTERNS!! THE MAGIC OF MATHS POWER!!
Comment:
COULD YOU TELL ME WHY THIS HAS SAME DURATION ??
