Dollar won't keep this descending channel going for much longer.
Plenty of cause building with this shallow descent and found support on the 1:2.272 trend based fib extension and 2016 top support.
Hidden RSI divergence throughout the channel descent looks to be pushing up recently.
Considering indexes are already crashing things could get quite wild when it does bounce.
Also precious and base metals to pull back when it bounces, probably crypto too.
Will probably get back to Distribution Resistance.
Check my linked ideas to see the accuracy.
Not advice.
Plenty of cause building with this shallow descent and found support on the 1:2.272 trend based fib extension and 2016 top support.
Hidden RSI divergence throughout the channel descent looks to be pushing up recently.
Considering indexes are already crashing things could get quite wild when it does bounce.
Also precious and base metals to pull back when it bounces, probably crypto too.
Will probably get back to Distribution Resistance.
Check my linked ideas to see the accuracy.
Not advice.
Comment:
She's gonna blow... 😸
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