Price seems to not respect the channel on the daily. We had a double bottom last week, it went up than we rejected a strong resistance and dropped very hard. I have a feeling we will be breaking that zone. It will depend on DXY. If it breaks, I will wait on the retest before I go short.
I will give you time frames view. Look at the weekly ,especially.
I will give you time frames view. Look at the weekly ,especially.
Note
That weekly close is pretty interesting. Broke the 20 and 50 ema, will it head the the 200?
Note
It is not making HL and LL on the monthly. I dont usually look at the monthly for my trades since I am not a position trader but you can see the momentum down.
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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.