Long

DXY

Updated

Near the 2017 low. Long entry soon

Note

In the current sequence - Further decline to 92 area is still possible. 01/08 - 03/08 Tuesday/Thursday split should give us some direction

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Indecision in the above period mentioned. This week though, 21 - 26 August will provide direction. 92 may well be the next low target

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Long entry will only be considered upon adequate retest of the black downward sloping line. In extreme - should decline extend beyond 91 - expect price in 88 area pretty quickly

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Please post questions and comments here so that it is available for others to read and think about.
1.) How many long positions taken - 6. 5 taken on red 91.69 and last on 91.9 Plan on 10 more. So 6/16 taken.
No short position taken.
2.) - 02/10/2017 - DXY hit the confluence target precisely. It remains bound to lower uptrend channel at 161.8 degree angle. I took long near the bottom, so I can afford to sit and watch. Previous dip infringed 91.15 but not 89.57. My bias is it will drop out of megaphone.
Should you have read it while your head was safely out of your arse you would have concluded that it was meant - My bias is it will NOT drop out of megaphone.
3.) Circular propagation is my translation onto English. I did not study maths in English. What is it - think of a radius traveling like a clock bar. In a set time period T=(constant). Radius will complete one revolution in T=1. 360T=1, 180T/2 and so on. Notice as you continue dividing angular (circular) travel by 2 - the digits of angle value you end up with always add up to 9. There will be a set of values (numbers) up to 180 and another 180 to 360. Now think of sine curve and you will visualize circular or angular propagation and will also have the values on some of my Fibonacci ratio lines.
Not direct but god reference is given here in English
en.wikipedia.org/wiki/Mathematical_constant

Note

All positions closed

trajkovic

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