After forming a positive diverging double bottom TLT is now above the 50 ema with a convincing bullish candle. On a weekly frame the Fisher 34 formed an inverted head & shoulder pattern. The 2 near term targets are the .236 and .382 Fib levels.This is one my favorite trend following system. Idea based on Darryl Guppy's multiple moving averages methodology. With this system many false signals can be avoided by implementing multiple time frame analysis and using significant divergences as early entry or exit signals.
..... the bullish recovery din't materialize, we reached the first target and a second attempt , but failed.Hopefully some of you went short at trend line break
nmike
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......interesting monthly observation
QuantitativeExhaustion
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Federal Reserve is not giving up position. Perhaps the start of a bullish trend?
nmike
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....here is the weekly Fisher (34) inverted H & S pattern
QuantitativeExhaustion
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And if we break below for fast pullback -- I want to take a bite of this action...
QuantitativeExhaustion
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These Fib lines ended up being where major resistance held
QuantitativeExhaustion
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What people are looking for is a sign that the US equity market is truly going to break down here.
tradingview.com/v/BVkxO9FK/