The price is above the cloud on the weekly timeframe and is currently testing the 100MA. Despite the huge speculative trading around this particular ticker, the trend seems to be heading toward a full reversal.
The driving force behind this shift is macroeconomics: the anticipated rate cuts, which are expected to lower short-term bond prices while supporting the long-term ones.
The driving force behind this shift is macroeconomics: the anticipated rate cuts, which are expected to lower short-term bond prices while supporting the long-term ones.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.