New_Levels

CORONA VIRUS IS THE EXCUSE TO TRIGGER THE INEVITABLE SELL OFF

Short
TVC:DXY   U.S. Dollar Index
NEWS IS THAT EXCUSE TO MOVE THE MARKETS. WE'VE SEEN A BULLISH MARKET FROM 2014-2015 AND A VERY LONG PERIOD OF SIDES WAYS MOVEMENT (ACCUMULATING). THE FAKE OUT TO THE UPSIDE CAPTURED LIQUIDITY (POCKETS OF MONEY) THEN EXPANDED TO THE DOWNSIDE, WHERE YOU SEE ANOTHER CAPTURE OF LIQUIDITY. ON THE BROADER PERSPECTIVE, THIS WAS JUST A MOVE TO TAKE THAT ENERGY AND REVISIT THE SIDE WAYS CHANNEL FOR THE REAL MOVE TO THE DOWNSIDE BUT WE NEEDED A VERY GOOD EXCUSE TO MOVE PRICE IN THAT DIRECTION, (NEWS OF CORONA VIRUS). I'M LOOKING TO SEE THE DOLLAR POSSIBLY CAPTURE THE MONEY SITTING BELOW THE LOWS OF THE PREVIOUS FAKE OUT TO THE DOWNSIDE AND WORK IT'S WAY IN THE POSSIBLY TO THE 80'S PRICE RANGE, WOULDN'T BE SURPRISE TO SEE PRICE LOWER, BESIDES THEY JUST WEAKENED THE DOLLAR.

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