The range expansion to the downside culminated right into the uptrend mode, while rgmov is in an uptrend, and hints at a possible crossunder -100.
If this were to happen it'd be extremely interesting to open a position in this pair.
Right now, I'm long the market and a few select stocks and currencies (and gold ), but I'm willing to flip short in gold and the euro soon.
This would serve as the perfect excuse, if timed right.
I'll update the chart when the opportunity materializes.
Same can be done with TSLA/oil for example. Those are in fact correlated and TSLA has been outperforming oil.
I can elaborate baskets or portfolios based on synthetic pairs, and through technicals determine which is the way of organizing them, weigh each component and manage the whole thing.
It's a really interesting thing to do.