Description
⋅ At monthly suppory, nearing oversold on RSI/W. Hight TD count, sparse falling wedge.
Watch out for a possible bounce/bear trap into the 100-98$ area and a bounce up to 102-103 area of resistance.
If so, to be re-evaluated later.
Comment
⋅ This is a folluw-up analysis to:
Which anticipated the fall of DXY from the 110s. Comment
⋅ Oh, well.
That was quick ;) Comment
⋅ Likely to bounce more.
Comment
⋅ 105 target reached as well.
A pretty fast move.
Now close to resistance.
Enough fo rthe scope of this analysis.