Look like a right angle triangle forming. Breakout imminent?
When this level gets breached, either to the upside or the down, should we expect a breakout in either direction ? In my mind this is a bullish signal with a bullish breakout on the horizon. Expo If the fed is done tightening, and when recession hits (due to their rate hikes), this may lead to a loosening of monetary policy.
This funny thing is that their one trick pony wasn’t necessary. Inflation was caused by supply/demand imbalance, not excessive bank lending. So raising rates to curb something which wasn’t excessive just crashed the economy for no good reason but bravado.
This funny thing is that their one trick pony wasn’t necessary. Inflation was caused by supply/demand imbalance, not excessive bank lending. So raising rates to curb something which wasn’t excessive just crashed the economy for no good reason but bravado.
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