USD-Expanding on FGC Post…
Remember the reverse/hidden divergence? The price channels horizontally (in this case, an ascending triangle) while the MACD/TRIX resets and BULL crosses above zero? Yes, Appears USD is breaking out of an ASCENDING TRIANGLE..
RSI has supported the positive momentum building up over the last several months…
P.S I would not be long the SM currently; no need to short, wait to go long…whatever floats your boat 🙂
Ah….the old hidden divergence trick
We were working that angle a lot back in the early Rambus Days.
There was a tutorial on the sidebar
Tricky stuff…I never could wrap my head around it without a cheat sheet
Good eye Eage