It’s been a while since I’ve posted here.  After reading Gary’s “Starting To Doubt An Imminent Dollar Crash” posted below, I would like to add the following.

The following is a very simple UUP chart showing a 5 year 4 point expanding wedge.   For perspective purposes, the top pattern is a bar version stacked on top of a solid line version below.  The possible significance of this combination chart is the possible 4 point purple wedge and how it fits into the bigger picture of UUP’s 5 year wedge.  Note how the possible 4 point purple wedge sets just below the top rail of the larger 5 year expanding wedge shown on the bar chart, like a snake coiling for a strike.   Also note how the possible 4 point purple wedge sits right above the top rail of the solid line version of the 5 year expanding wedge.  The contracted volume is suggesting change within itself.

It remains to be seen if the possible 4 point purple wedge actually completes itself with a break above its own top rail.   The fact that the purple formation is sitting where it is sitting in relation to the top rails of both the 5 year bar and solid line patterns is potentially significant.   From what I believe I’ve quietly learned from Mr Rambus, this combination holds the possibility for much higher UUP / USD prices from a Chartology perspective.

Because I continue working on maintaining an open mind, the red dashed line was added to the bar pattern for consideration purposes representing the possibility of a H&S pattern to the down side.

The following is a UUP 2 hour chart showing a closer view of a bar and a solid line version of the possible 4 point purple wedge mentioned above.

Considering both Gold and UUP / USD have generally risen together since August 2018, this post is    NOT    suggesting that Gold will head lower in the event that UUP continues to head higher.  I personally  believe there is a strong possibility that both Gold and UUP / USD could continue to generally head higher together.

Disclosure; my days of being stuck in the mindset that the USD is ONLY heading lower are over.  As a result, I practice maintaining a BullBear mindset simply because I work on looking both ways, (with an open mind).  With that, I am invested in the PM space and am of the opinion that metals are generally heading higher.

Regards