Interestingly 3C looks fairly positive, this triangle however, taken without 3C, I'd say is bearish as it is a continuation pattern, which would continue the preceding down trend. We'll have to see which way it breaks, it will be important for the rest of the day.
*Note-Remember, symmetrical triangles have no inherent bias, only the preceding trend gives us a hint as to which way they will break as they are continuation patterns.
Is interest rates about to start going up?
-
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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