Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
TMF ( 3X Treasuries)beatdown completed reversal underway LONG
Direxion Daily 20-Yr Treasury Bull 3x Shrs
Long
TMF ( 3X Treasuries)beatdown completed reversal underway LONG
By AwesomeAvani
Follow
Follow
Updated
Aug 5, 2023
5
Cheer
Cheer
Aug 4, 2023
On the one-hour chart, TMF a triple ETF of long-expiration treasuries has finally
completed its downtrend or ten days given more bearish momentum with the federal
debt downgrade of creditworthiness as well as the rise of BRICS as a reserve currency.
Three indicators show bullish divergence with a MACD cross under the histogram. The
30 minute RS line rising before the 2 hr RS line reacts and importantly a mass index
signal rising into the reversal line and then a drop. While none of this is a Holy Grail,
I am confident that the bias here is bullish. I will trade long if you are interested in
the stop loss and targets let me know. If you would lke my idea of an options setup, let
me know as well. If this idea is helpful, please like and subscribe. Trade well !
Aug 5, 2023
Trade active
Price moved 5%. One tenth of the position closed. Stop loss over break even
for a risk free trade. Looking for much more next week.
Centered Oscillators
Oscillators
reversal
reversalpattern
reversaltrading
TMF
TMV
treasuries
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
.