TBT on the one hour chart demonstrates a clear round bottom reversal in late June
with a good trend up this past week. Price rose above the POC line of the volume profile
on July 3th showing bullish momentum dominating. Price has continued to ascend above
the Chris Moody sling shot indicator affirming that momentum. Given the current fed posture
hawkish for...
TLT is currently at the Warning-Line of the white Fork.
We can see how price reacts to the Center-Line.
A classical retest that played out textbook like.
Then the same at the BASE Line of the Action/Reaction Set.
If TLT cracks the WL, then the next stop would be the Reaction line.
All this is in line with the destroyed Bond Market.
And that's the reason why I...
We are possibly looking at (and forecasting) a 3-touch sell-off on the US Government Bonds 30Y daily chart around resistance at 98'04'3.
Sell-off in about 1-14 days time.
R/R = 5.79% approx.
Please, please take the money and keep it forever. Repayment is just like interest payment - devil's stuff, that's why the investors like to pay the interest to the (above all, God like) German government, so the burden of economic decision is taken away from the investors. The honorable and cheered government can distribute the money to all big companies and...
You can expect at least a 10% drop for the US10Y in the coming weeks and months, but most likely stronger.
The bearish divergence is very strong and it is showing up on both the MACD and RSI. The decent has already started.
Looks like the entire conventional market is about to have a massive crash. Time to move to crypto.
Thanks a lot for reading.
Namaste.
