PRA Group is currently trading above a Support/Resistance Congestion Zone visible on the Weekly Timeframe, and at this zone it has formed a decently sized Bullish Shark pattern with a Bullish PPO Arrow as confirmation, and this all happens to align with the all-time 0.786 retrace. If this plays out, I think it could come back up to make around a 0.886 retrace,...
- 30y mortgage interest rate breaking a 40yo trend.
- MBB down while being used by big players as collateral.
- DXY breaking a 40yo trend (not in the chart) can cause bond defaults around the world.
- Fed has only started raising rates.
* If MBB keeps going down, might see some marge call and flash crashes in the market.
* If MORTGAGE30 keeps going up, will...
