the dxy has created a falling wedge pattern that when broken will see some upwards movement.
the bullish divergence and key level on the rsi trend shows that this is an interesting position for opening a long
Without too much noise, interest rates appear to be creeping up. In comparing with other trading instruments I watch, it appears to have the biggest potential for a move. As the rising rates indicate an increase in inflation, I've also had my eyes on a few commodities. Inflation has too long been downplayed but we all know the reality of inflation because we...
i didnt have much luck with this method on the invert last time but its certainly food for thought here...
anyhow if your questioning what to do, wait for convergence and short the breakout
youve seen this enough times on my profile to know how this works.
rsi would ideally close past orange trendline and then retest it before the shot upwards.
weekend volume making this sluggisg, meh
The cross is using the 20 and 50 exponential moving average .
Every time the shorter exponential moving average crosses the longer one, this indicates a bearish signal.
You can see the times this has worked in the past, in the same chart.
When the 20ema crosses below or above the 50ema, it has been an amazing signal in trend reversals.
Creating the strategy on your own is very easy to build and follow.
The inverse of the TLT is TBT; which could prove to be interesting if we continue to see interest rates tick higher.
Important to note, that the Bull-cross has been much more indicative than the...
scriptA = just confirmed bearish turn
scriptB = below trend line and below 50 rsi
scriptC = bearish
if the price can reclaim the yellow diagonal then we may see a push up however without closing above the clouds it will be a short lived pump.
