US10Y - SVB Smokescreen 😹
Updated
Who knows maybe its a coincidence 😹 but SVB collapse happened on Friday and on the very same day the first US10Y bearish momentum candle printed pulling down and away from the long term Fibonacci cluster and the Demand Line from the lows.
Friday was the first day the yields bear took over.
The 3rd wave before the collapse grinded up the Demand Line and then printed a mini blow off top shakeout reversal pattern.
FWIW we shorted TBT to take advantage of the decay as the day MACD lines crossed on Wednesday.
But anyhow the take home point is that the news have scared everyone away now.
Everyone now knows its a terrible time to buy, especially anything classed as "risk on."
Meanwhile the crypto bull market has been going 2 months.
And the stock bull market is about to begin.
Its the same game at every bottom - works every time 😹.
Not advice.
Friday was the first day the yields bear took over.
The 3rd wave before the collapse grinded up the Demand Line and then printed a mini blow off top shakeout reversal pattern.
FWIW we shorted TBT to take advantage of the decay as the day MACD lines crossed on Wednesday.
But anyhow the take home point is that the news have scared everyone away now.
Everyone now knows its a terrible time to buy, especially anything classed as "risk on."
Meanwhile the crypto bull market has been going 2 months.
And the stock bull market is about to begin.
Its the same game at every bottom - works every time 😹.
Not advice.
Note
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I have great trades and monitor many assets❕
Many Trade Ideas Every Day 📈
Regular videos ✨.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
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