This is interesting. I've been working on the precision of the long-term dollar index trend line, because I think it's an important line. So, I finally got a really precise grab by using the magnet feature to go from shadow to shadow in 2014 through 2018 and then auto-extending the line to the right. And wow, we are on that line like a flea's eyelash right now:
So, keep a close eye on it. Let's see if it can hold.
So, keep a close eye on it. Let's see if it can hold.
Note
I'm changing the goalposts again. Now using the magnet points of 2011 and 2018, we're just above this new trend line. Again, I'm not making predictions, I'm only looking to discover if one of these trend lines will provide a strong bounce.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.