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lauralea
Feb 12, 2023 10:14 AM

Bounced Just Below the 50% Retracement 

U.S. Dollar Currency IndexTVC

Description

Price went just below the 50% retracement since the Covid low and appears to be off the bottom, for the time being.

3 strong green daily candles noted.

Targets 1 & 2 have been met. (T3 is calculated just in case T2 is met and T2 is calculated in case T1 is met and so on)

Looks like a suspicious baby flag down there with the RSI line mimicking the flag. The pole is not too terribly long if it is a flag. I need to check in on this one again soon out of curiosity.

No recommendation.

I wish the markets could be more decisive.
"The road is made up of flat squirrels that couldn't make up their mind" )o:

Comment

2-12
Flags are neutral until broken.

Comment

2-15/Flag has been broken to the upside.

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