This looks like a reverse cup and handle TOP. Check GOLD & SILVER for cup and handle bottoms forming on the 60M charts. SHORT DOLLAR ....LONG GOLD & SILVER?
Comment
Guess we'll see where the 4h/d closes before we write this thesis off
Trade active
I still think the pattern is valid. The handle just got bigger. A break lower is still very possible.
Comment
Safe to say the 100 level is critical for Dollar Bulls. If that level breaks we are looking at drop to the 1.618 extension.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.