7.22.20 I believe it's important to look at this video, not just because it is the dollar index which is going to have a profound effect on many markets, but there are market behaviors here that need to be analyzed carefully to avoid trading decisions that could be expensive, but were avoidable. There are ways to judge support and resistance because they're not just one line, they can actually be a range, and I try to state this in a way that may make this more relatable for you. We get a chance to talk about the behaviors of expanding markets and that's very important in the recent history of the DXY. I am showing you my version of a SPIKE which is demonstrable on the weekly chart. The way I learned it was predicated on five-minute charts. I don't look at five-minute charts. Even if you choose not to think in terms of spikes, you should find this at least interesting. I did not state this in the video, bitcoin is a phenomenal example of spikes looking at weekly charts. Spikes and bull traps, and bear traps are common events, yet you will never see them if they're not part of your thinking. I tried to give examples of bear traps on this video, and I don't think I made too many errors regarding the concept of a bear trap, but these were not good examples. So I will produce another video with better examples in the future, but I've talked about these in detail in the past but videos that I posted on tradingview. Some of these tools I look at will keep you out of some very bad trade decisions, or they will help you find the best trades depending on how you use them. You will find in your trading that there will be certain tools that will improve your perception of the market, but you may not want to actually generate a trade, and yet they can keep you out of a bad trade in the wrong direction. So they are worth looking at... because it is not just about making a profitable trade, it is also about avoiding bad trades which lose capital.