Again, there's a lot of action this week, I'm not going to go through the entire line of timeframes for FAZ, we have some very large (double-base-like charts in 30-60 min), it's the closer timing timeframes that are interesting.
The first 3 charts are all 3 min, XLF, FAS and FAZ, XLF and FAS should look the same, FAZ should be the opposite or inverse of the first two for confirmation. You'll notice it's all this week as well.
XLF 3 min
FAS 3x long Financials 3 min
FAZ 3x short financials 3 min
FAZ 15 min double bottom
FAZ 60 min double bottom.
Kind of an interesting looking position, FAZ long.
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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