Remember that triangle is going to be pretty obvious by now to traders so remember that to get them committed, they need confirmation, that only comes with a break below the triangle so if you see that, pay attention as it may reverse very quickly.
The triangle is not very useful if it doesn't do it's job and to do it's job, traders need to see a break below the lower trend line.
Especially given the fact that it looks like that triangle was manufactured and not naturally occurring.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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