Comments on the chart
Kommentar:
Still looking for more downside on the Dollar Index. This move should be in 3 waves or if more complex a triangle. Price taking out the near top invalidates this idea
Kommentar:
Pre-market open we have a significant drop in the $ index. As in the idea, I am looking for a 3 wave drop as a wave 4. Price is sitting on support on the daily chart right now. I am looking for this support to be broken
Kommentar:
More sideways price action today. I am looking for a breakdown
Kommentar:
I can see 3 waves down from the 3 high. Wave 5 might be starting...
Kommentar:
No strong move up today. however, I going to take the absence of a collapse in price as an indication of the innate bullishness of this index. And consequently a weakness in the Euro
Kommentar:
There was a lot of ideas selling the $ but it rose today. When the market is risk-averse the $ is bought