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pantheo
Apr 3, 2014 1:12 PM

DXY: Living on the edge, the sequel. 

US DOLLAR CURRENCY INDEXINDEX

Description

Dollar index breakout imminent? Or back off from resistance?

Multi week triangle break backed by IH&S?

Did commodities went too much, too far as the following chart shows?


Today's candle critical.

Cheers

P
Comments
ForceFollower
Nice setup. :-) I may wrong, but the first breakout may be a fakeout. And price often likes to bounce on the third test of the trend line. :-)
pantheo
Lol:-) That's why I have all these question marks in the text. We will have the necessary back and forth to gun the stops either side first, I believe too. But if stays above at a weekly closing, one's portfolio needs to be curated! Cheers my friend:-)
pantheo
80.20 -80.00 should hold now. if doesn't hold, the completed daily evening star will be in power my friend and can be a fake out as you said:-)
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