Chart request for @Pleb_In_Crypto
US10Y should be topping out here after an explosive bounce.
In the end this looks like it was an enormous reactionary bounce to the 2020 crash and the trend may continue somewhat as it was before the crash from herein.
Good chance there is a Wyckoff UT UpThrust to take US10Y above October 2018 resistance through distribution phase before heading lower.
This will print shakeout reversal patterns through the aforementioned price landmarks.
Not advice.
US10Y should be topping out here after an explosive bounce.
- It has now passed the 1:1.618 and 1:0.618 fib extensions.
- It has printed a spinning top doji, showing the top is probably close.
- And it has probed above the 200 month MA for the first time ever.
- Monthly RSI above 70 also for the first time ever.
In the end this looks like it was an enormous reactionary bounce to the 2020 crash and the trend may continue somewhat as it was before the crash from herein.
Good chance there is a Wyckoff UT UpThrust to take US10Y above October 2018 resistance through distribution phase before heading lower.
This will print shakeout reversal patterns through the aforementioned price landmarks.
Not advice.
Nota
Now pierced through resistance and there is a trendline above that perhaps it will tag.Nota
Monthly candle closed a long wicked shooting star tagging the trendline to print a shakeout reversal pattern. This has done EXACTLY as I said it would. 🤠Lower yields may have a positive impact on other markets - stocks and crypto, as well as potentially seeing a decline in DXY.
Should at least get back to the log 0.382 from here @ 1.2%.
Your FA guru can't read a chart💭
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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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.