USD
Big bullish move today. I have been looking for a short term Trading Cycle top so we may have a short term double top here but the dollar looks stronger than I expected.
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POSTING INFORMATION
Surf, I know just about nothing about charting and just hang in to learn. But why does August through Oct look like a double head and shoulders inverse bottom. I think I know that there are neck lines and other things to take into account but from just an observation, that’s what I see?
Dollar going higher?
Steins. You may be on to something longer term. We still need a short term Low from a Time perspective, so perhaps the USD moves down here to backtest my red line or break it a bit. If the lower Blue Fork line gives way we may see a bigger decline but that is not my expectation now in the near term.
Thx…