The shallowness in the market corresponds to the movements of the dollar, which keeps valuations from mainly consolidating templates.
Due to the current situations in European countries and the increasing turmoil in the US. It may introduce a slight mix in the currency, crypto and commodity markets.
In the event that the US maintains its position and the rest of the mid-sized countries fall into economic problems then we could see relative to the scenarios presented on the chart an exit at the top and gain dollar dominance in the global market.
The second option is to carry this forward in time, consolidate the current movement beforehand and then build a formation that will kick this upward.
Follow the trend and react accordingly. The market could be crazy by the end of the year....
Due to the current situations in European countries and the increasing turmoil in the US. It may introduce a slight mix in the currency, crypto and commodity markets.
In the event that the US maintains its position and the rest of the mid-sized countries fall into economic problems then we could see relative to the scenarios presented on the chart an exit at the top and gain dollar dominance in the global market.
The second option is to carry this forward in time, consolidate the current movement beforehand and then build a formation that will kick this upward.
Follow the trend and react accordingly. The market could be crazy by the end of the year....
Comment:
A retest of the dotted line would be a nice "hopium" for the whole market, perhaps a false one