Let's review Don's TRADE-MAP approach:
TRADE = 1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
.....MAP = 6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance.
When I mention "Don's Top Ten Technicals", I use the elements of the "TRADE-MAP" approach: SINCE May 3rd, 2016 IN THE CHART OF DXY:
1. The is declining. 2. Prices are above the cloud, but STILL BELOW TREND. 3. Prices are trading above the thick red Conversion line, BUT JUST BARELY. 4. The thick red conversion line is rising. 5. The thick black line is the Ki jun-Sen baseline of the , which is rising but not above the cloud. 6. The indicator on the top of the page is / , and this is strong. 7. The top middle indicator is and it is strong (green over red). 8. The Top (bar-type) indicator measures the "phase energy" of DXY , and this is STRONG. 9. The green arrows are up (not shown). 10. Look to the far right on the chart, by the large red arrow, at $94.085. You will note a yellowish line on top (lips), with black dots below (teeth), and a blue line (jaw) below the black dots. Now, all three are rising, correct? This is where I ask you to use your imagination and envision these three items as the "separated jaws of a feeding alligator". This is a positive indication because the is FEEDING in the uptrend.
WHY AM I NERVOUS? I need to see the penetration of DXY above the down-trend regression lines.
If this does not happen, in my opinion, the DXY trend upwards will end.
I would like to close with a quote from Henny Youngman: “I’ve got all the money I’ll ever need; if I die by four O’clock.”.
If you are long DXY , be ever vigilent for the $94.30 trend-line. DXY must rise above this level. The odds: 65% yes, 35% no.
I hope this has been helpful, entertaining, and informative. May all of your trades go well. Don.