BROKEBACK MOUNTAIN
The greenback has plummeted thru all supports and trends. The 20-, 50-, 100- & 200-dma are all in the rearview mirror as are the trends going back to May, 2016 (blue line) & December, 2016 (lower black line) as well as the support of 99.12 (October, 2016 high - red line) not to mention the key 38.2% fib retrace of the mountain built up in a rush since May, 2016 ... in other words, not looking good. Next support 97.87 midway up Mount Rushmore.
The partial rises were our clue that this descending bullish wedge was not valid.
The partial rises were our clue that this descending bullish wedge was not valid.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.