The chart says it all. Tired upmove. Price forming an ending diagonal on the way up.
Comment:
good fall today helping the idea. If everything closed near here we will have a solid and strong bearish candle which is also a breakout candle
Comment:
price has done a breakdown and what I can call a retest of the breakdown. If this idea is to prove correct price must fall away from here impulsively. There is weakness today and the Fed is going to speak today. By the way Donald Trump wants an outright cut in rates and is threatening to demote the Fed chairman if he is not dovish
Comment:
The fed chairman signalled that rate cuts are not out of the question. The $ weakens and stocks rally. By the way bonds rally too which is unusual. Idea is still in play.
Comment:
the last 3 weekly candles can be described as a bearish candle, an inside candle and a bearish breakdown candle. So i am still bearish the $