Is King Dollar poised for a flush ?
Possible H&S formation on the DXY.
These formations do not always work out....
But interesting to watch since it would have profound implications on Crypto Assets and Prescious Metals Mining companies....
I am bullish on all the above, especially on PM since the Gold / Silver ratio recently had a major break down.
These formations do not always work out....
But interesting to watch since it would have profound implications on Crypto Assets and Prescious Metals Mining companies....
I am bullish on all the above, especially on PM since the Gold / Silver ratio recently had a major break down.
Trade closed manually
This was a fake breakdown. After touching the 100 level, the DXY rebounded strongly. Even though I thing the dollar could still roll over from here, I will close the trade, admitting my forecast was inaccurate.
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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.