curtmelonopoly

If Dollar builds structured base over main pivot... Notes

TVC:DXY   U.S. Dollar Currency Index
If $DXY US Dollar Index builds structured base over main pivot (red line) it's a long all day long. $UUP.

WATCH the MACD for a turn down. Has it's 200 MA (pink), but that's not considerable relatively speaking right now.

Watch the pivot and watch the MACD on the daily. MACD turns down and it will be a retrace 99 in 100 times.

Compound Trading Group | Founder