We formed a double bottom today and found support near 90.98
On hourly its severely over sold and looks primed for another push next week after todays breather/reload.
If we pass and close the most recent high around 91.6 next week then looks like this will be a breakout (or head fake, though wedges are still pretty strong unlike triangles) of this months long descending wedge followed by next target of .236 Fib level @ 91.9
let's see if this is the goldilocks market where everything continues to move higher.
On hourly its severely over sold and looks primed for another push next week after todays breather/reload.
If we pass and close the most recent high around 91.6 next week then looks like this will be a breakout (or head fake, though wedges are still pretty strong unlike triangles) of this months long descending wedge followed by next target of .236 Fib level @ 91.9
let's see if this is the goldilocks market where everything continues to move higher.