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First up let me just say, I cannot predict the future...
I can offer 12+ years of market experience & nothing more
The $Dxy has positioned itself for a humongous Bullish move...
Major multi year & even multi decade #Dxy breakouts are happening *Right Now*
Charts Below 📈🧵👇
I can offer 12+ years of market experience & nothing more
The $Dxy has positioned itself for a humongous Bullish move...
Major multi year & even multi decade #Dxy breakouts are happening *Right Now*
Charts Below 📈🧵👇
Lets start by looking at the $Dxy itself (Monthly Chart)
On this time frame we are close to breaking out of a 7 year consolidation (when the 2015 rally stalled out)
This failure to make a low, followed by a break higher, tends to create a large amount of short covering...
On this time frame we are close to breaking out of a 7 year consolidation (when the 2015 rally stalled out)
This failure to make a low, followed by a break higher, tends to create a large amount of short covering...
As shorts close out positions on the breakout & new traders add long positions, explosive moves tend to follow
These are the mechanics behind what some traders refer to as a "Wave 3"
To me it's just mechanics of a successful breakout, but "Wave 3" if it helps understanding...
These are the mechanics behind what some traders refer to as a "Wave 3"
To me it's just mechanics of a successful breakout, but "Wave 3" if it helps understanding...
