Boink, and the Rule of 72
A play on words, since the double top in the dollar implies a drop to 72, as well as Plunger’s comment about my earlier chart:
Declare it dead when it fails a backtest from below after it violates the 72 level. My thinking is it doesn’t happen for a few years
The Boink is the X of the green lines on this chart, compliments of Fully. The dollar has already fallen below the rising trendline that makes up half of the Boink. Now, as plunger points out, we wait.