Please be cautious, trade on your own volition, and always do your own research. Here is my continued analysis of the Dollar Strength Index; beautiful Miss DXY. Thanks for stopping by to take a listen, hope you enjoyed and best of luck in your search for wealth. A5.
We have now finished the run-up to the 0.618 Completing the ABC, a new extension, Wave 5 begins. These similarities are looking less and less coincidental... What can be said for the future, who knows? But looking at these charts it's clear to see something is afoot. Will we bounce off the bottom, or has inflation only just started. Is this the beginning of the...
Shorting the Gartley Pattern for a nice potential. This is in conjunction with several indications I have seen that say US30 is going down for several more days. Safe trading all
Still in this major pullback but the momentum from the push higher is not gone. There are some interesting Fib numbers along with the support/resistance levels from the previous structure. Look for a bounce off the 0.38 or the 0.50 with a push to test the higher trend line in a few days.
This is a chart of some of the major US MacroEconomic trends and values. I see some interesting correlation between DXY and US10YR and US30. Inflation Rate, M2 and M1, Money Velocity and Debt to GDP all play some part in these movements.
Trying to play around with the timing a little bit. There is just a lot to take in. Referencing the 2009 Movements there is a lot of similarities. I am working on a couple of comparisons between DXY, DJI, several money variables. It's coming together but so much is still left to be interpreted. I'm curious to see how close we will end up to these movements. And...
So. With everything going on in the Yield Bonds market, it begs the question of what is to occur in the Stock market. Generally, as money moves away from this market and into T-Bills we can observe a liquidity shortage. With high demand, price pushes high. I believe we can expect a market move downwards to complete our trend move downwards. Major divergence on...
So. With everything going on in the Yield Bonds market, it begs the question of what is to occur in the Stock market. A correlation can be made between DXY and the US30 movements. When is to come of this Daily Engulfing candle we have just observed? Nothing can be guaranteed but if one this is observed; history repeats. The last time we saw an engulfing candle...
I want to see a pullback to the .50 or .618 If there is a correction down, I would look at a long position from the support at .55000
There could be a push up to test the previous high. A correction is due, but won't be a big one. Then a test to the high again, bouncing up to a break past. We will have to wait and see.
Possibly could see a pullback after this bullish wave. May see something similar to the past wave? If so it could be an Elliott 5, with an ABC corrective and onto new things.
Retesting the support and looking for a double bottom Long Position Watch for a fakeout and retracement to the .618
Possibly a bullish shark pattern forming with a possibility of a profitable short position. After a steady drive up on the bottoming of a steep down correction from the previous high reached Jan 21, we are now back up just short of it. In an overbought market, there could be a large correction down after retesting the high. If the high test passes we could see...