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Bfeller
Feb 21, 2019 1:33 PM

Possible Tirangle in the Dollar 

U.S. Dollar Currency IndexTVC

Description

The bull market started in 2014 and now there's a consolidation, between the lower longer-term trendline and the upper short-term line we have possible triangle forming. The Squeeze indicator on the weekly chart is also about to fire off with no clue right now as to weather it will be go higher or lower.

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Comments
Bfeller
If we have a bounce off that lower trend line, It should be a bearish triangle. This seems to fit with the fundamentals (fed pause etc...)
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