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.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.