Everyone was calling for a breakout of the major trendline and we saw record amount of retail money flowing in the market...
The rising wedge on the daily broke down last Friday, this should be the start of the next big down move. We are either looking at another 20% move, like last time, or at a 30% move.
3500, 3300 and 2900 are the targets
The rising wedge on the daily broke down last Friday, this should be the start of the next big down move. We are either looking at another 20% move, like last time, or at a 30% move.
3500, 3300 and 2900 are the targets
Note
The DXY made a perfect bounce on the weekly trendline from its bull flag, 120 is coming.
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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.