Question what happens here? Do we breakout this week or do we continue to just trade in this range for another week or two? IDK but I like being able to see these trends. Only if I had unlimited money to take these trades, but one day I will be a great investor/trader also a better technician!!!!
Question, Do buyers come in at his level? I personally don't know if they will but this will be something I'm watching this week.
Im in the process of reading EDWARDS AND MAGEE book. I'm on chapter 8, reading about triangles, and going through charts. It appears to me the HON has formed a symmetrical triangle, and I couldn't help myself. I had to make this chart. Now idk if I'm right or wrong about my analysis or what I'm seeing on the chart. BUT it's pretty cool to see this chart right...
So buying big bases has been the thing to look for. This is the DXY weekly chart, and we all know the importance of this chart with the stock market. My question is what happens here? AND I know asset prices trend but what about currency prices?
could this be considered a head and shoulders pattern or is this a stretch? IDK