[Watch it] Markets mess may see a pause within few weeks.
DXY within an ascending channel.
Pretty stretched already, with a TD count 12.
Ongoing bearish divergence on RSI (unless canceled by a further push).
A slowdown in MACD would likely trigger a cooldown from here.
Meaning some sideways action and/or a pullback, towards the 101 mark eventually.
Watch out for formation of some local high in July (or August).
That would likely match with a significant pause in current markets "macro mess".
Pretty stretched already, with a TD count 12.
Ongoing bearish divergence on RSI (unless canceled by a further push).
A slowdown in MACD would likely trigger a cooldown from here.
Meaning some sideways action and/or a pullback, towards the 101 mark eventually.
Watch out for formation of some local high in July (or August).
That would likely match with a significant pause in current markets "macro mess".
Comment:
Awaiting M close.
Awaiting M close.
Comment:
Montly close at 105.
Fine, so far.
It may paint a shooting star, depending on august close.
Fine, so far.
It may paint a shooting star, depending on august close.
Comment:
Still pushing, but close to 110 and at the 14th TD candle.
DXY never got past 13 green TD candles across 50+ yrs, a failed high is (still) a pretty viable option.
Let's see.
DXY never got past 13 green TD candles across 50+ yrs, a failed high is (still) a pretty viable option.
Let's see.
Comment:
Opening post chart, as of today.
Let's see ...
Let's see ...
Comment:
14 TD candles (unprecedented) and over 110.
Very close to upper bound of channel, overextended and still diverging on monthly.
All in all i don't change my mind about the outcome.
I'd expect a noticeable cooldown along next few months, as per OP.
Very close to upper bound of channel, overextended and still diverging on monthly.
All in all i don't change my mind about the outcome.
I'd expect a noticeable cooldown along next few months, as per OP.
Comment:
DXY is amazing.
Still top of channel and ...
Monthly: red TD count 15, overbought on both RSI / Stoch RSI. Ongoing bearish divergence
Weekly: red TD count 9, overbought on both RSI / Stoch RSI. Ongoing bearish divergence.
Very likely anc close to fakeout imho.
Still top of channel and ...
Monthly: red TD count 15, overbought on both RSI / Stoch RSI. Ongoing bearish divergence
Weekly: red TD count 9, overbought on both RSI / Stoch RSI. Ongoing bearish divergence.
Very likely anc close to fakeout imho.
Comment:
Back at 107. Good.
Comment:
Original view:
It seems moving according to plan.
101-104 seems possibile.
It seems moving according to plan.
101-104 seems possibile.
Comment:
Nice M candle, so far.
Comment:
104 area hit.
Nice.
Nice.
Comment:
Now watch out for test of support.
That's a rising wedge.
That's a rising wedge.
Comment:
Down to 103 area and well within the target box.
From here i'd foresee some sideways and probably a bounce off support trendline area. Hopefully a dead cat bounce.
From here i'd foresee some sideways and probably a bounce off support trendline area. Hopefully a dead cat bounce.
Comment:
Sideways till support, as expected.
Now a bounce is likely, due to support and overextension.
Let's see and hope we get a DCB, so that markets turmoil can be kept under control.
Now a bounce is likely, due to support and overextension.
Let's see and hope we get a DCB, so that markets turmoil can be kept under control.
Comment:
Support broke, 101 area already reached.
It was the final target in the opening post.
It was reached a bit earlier than expected.
Enough for the point of current anaysis, thanks for your appreciation.
It was the final target in the opening post.
It was reached a bit earlier than expected.
Enough for the point of current anaysis, thanks for your appreciation.
Wonder if it will paint anything like a shooting star on july M close.