The Last USD Bull Presidency Revisited - a Bull Case for the USD
Looking at the dollar chart tonight I had a revelation when I realized that I had potentially miscalculated exactly what the USD chart says. See my earlier chart called The Last USD Bull Presidency for more details.
If you look at the period of time between USD monthly cycles on the chart, you can see that an 8 month dollar pump has resulted in Fibonacci waves extending out for 13, then 21, then 35, and now, what looks like a 56 month wave which ends in October 2025.
Here's the thing - in that span of time the dollar will have alreadu topped then crashed. We have much less time than I thought-
Following the fib count and using Gann Fann lines extended out from the start of the pump it's obvious price deviates very little from it's ideal.
Therefore, we can expect a 56 month wave with the Dollar having it's last hurrah in this cycle at just about end of June 2024 - so the Summer Solstice is reversal for the USD, of course. Then down we go - fast - to retest right where we are now - lets say 90 - on September 2025, careening through the 2024 election, which doesn't make a bit of difference in stopping the bleeding - for the first year or so.
Who will be reelected? Is the dollar actually screwed or just actually painting a bull flag of MONSTROUS PROPORTIONS? If the dollar's 2025 retest on the trendline we sit on now holds, we could be on our way to another generational bull market and some really serious Dollar action targeting 102.50 and who knows - maybe even 105.
I love seeing stuff like this because it shows me that often, charts can look both bullish and bearish - it just depends how you look at them and what you're willing to see.
If you look at the period of time between USD monthly cycles on the chart, you can see that an 8 month dollar pump has resulted in Fibonacci waves extending out for 13, then 21, then 35, and now, what looks like a 56 month wave which ends in October 2025.
Here's the thing - in that span of time the dollar will have alreadu topped then crashed. We have much less time than I thought-
Following the fib count and using Gann Fann lines extended out from the start of the pump it's obvious price deviates very little from it's ideal.
Therefore, we can expect a 56 month wave with the Dollar having it's last hurrah in this cycle at just about end of June 2024 - so the Summer Solstice is reversal for the USD, of course. Then down we go - fast - to retest right where we are now - lets say 90 - on September 2025, careening through the 2024 election, which doesn't make a bit of difference in stopping the bleeding - for the first year or so.
Who will be reelected? Is the dollar actually screwed or just actually painting a bull flag of MONSTROUS PROPORTIONS? If the dollar's 2025 retest on the trendline we sit on now holds, we could be on our way to another generational bull market and some really serious Dollar action targeting 102.50 and who knows - maybe even 105.
I love seeing stuff like this because it shows me that often, charts can look both bullish and bearish - it just depends how you look at them and what you're willing to see.
Comment:
I apologize for the myriad spelling errors in this idea! Clearly I did not proofread well enough.
