Plunger at the Chartology Forum has just posted a well researched ( as always) Piece for Rambus Members<\/p>\n
on the US Dollar…in Summary…he feels its now ready to take off and take off hard ( UP)<\/p>\n
I am sharing my response here.<\/p>\n
“Sir Plunger keeps coming up with new metrics and that\u2019s great BUT I still like the Good Old Fashioned Rambus Chartology Patterns.<\/p>\n
I agree Sir Plunger\u2026I have never been convinced of a Dollar Top. So Far we have a Classic Potential Bullish Set Up<\/p>\n
1…..A Strong Uptrend.<\/p>\n
2…..Followed by a classical 4 point Consolidation pattern<\/p>\n
3\u2026…..Followed by a Strong breakout<\/p>\n
4\u2026…..Followed by a retest ( now about to see a 3rd retest)<\/p>\n
5\u2026…..Usually this Small Pattern (red numbers) atop a Bigger Pattern ( Black Numbers)<\/p>\n
is a very Bullish set Up.<\/p>\n
We must acknowledge though\u2026 this 3rd retest is somewhat unusual\u2026and critical !<\/p>\n
If it fails ( as third tests can do) we would have a Round the Apex Move….which is usually very bearish !<\/p>\n
So from a Pure Chartology Perspective we are at perhaps THE most Important Juncture on THE most Important<\/p>\n
Chart on the Planet !<\/p>\n
Screw the Popcorn \u2026Pass the Whiskey <\/p>\n
BYOB and Follow this chart here <\/p>\n https:\/\/stockcharts.com\/h-sc\/ui?s=%24USD&p=W&yr=5&mn=0&dy=0&id=p71633048907&a=498171432<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Plunger at the Chartology Forum has just posted a well researched ( as always) Piece for Rambus Members on the US Dollar…in Summary…he feels its now ready to take off and take off hard ( UP) I am sharing my … Continue reading ![\"\"](\"https:\/\/goldtadise.com\/wp-content\/uploads\/2017\/03\/usd111-1.png\")
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