Technical: Rising wedge, to Double TOP A&E, and tiny SH in LTF to confirm a very significant resistance at 13300. This justified quickly by a sharp correction back to the resting river of Bull. However, This is even getting more serious when a BEARISH FLAG is just emerged. Whilst, A quick look at DXY also provides a enormous danger which is just arm-length...
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The Pattern: From rising wedge to Double bottom, W shape at 30m, and consoliding vollume. Conquering the river of 13000 to break the resting and resume upward movement. The Controller: Fed are subjected to stay dovish on policy and neutral on rising yield, they only consider rising rate if all the indicators reflects which is still well below the target. In...