After last post the US Dollar has dropped as expected. Here is how the pattern looks to me at this time. Curently have a bullish divergence in the daily RSI. IFFFF the count is correct that we are at ".3" would expect a somewhat sideways consolidation here before more serious down action. If we are at ".c" then should get a a-b-c retraction before more down action. Notice the two negative reversals in the RSI (black dashted upper lines) both lead to lower prices.
Comments
BLUE43
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goodguy
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@BLUE43, great chart fits with what I was thinking. Thanks for responding and sharing.