I suggested in the last update that an inverse H&S pattern seems to be forming...
Here's the current price pattern, very much like an inverse H&S bottom, but volume needs to pick up substantially in the area, especially on a breakout. Volume is more important in inverse H&S bottoms then in H&S tops.
Here's the 1 min 3C chart that continues to move in a leading positive divergence, but....
When zoomed out, you can see that 3C is actually below price, meaning it's showing the short term positive divergence, but within a negative overall position.
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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