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Olu
Jul 16, 2016 3:15 PM

$Index: A breakout is on the cards Long

U.S. Dollar Currency IndexTVC

Description

Comments on the chart. It is overbought but price always trump indicators imho

Comment

market is playing with my idea. After that massive bullish bar I was looking for a breakout of the range but price is retreating instead. Not fully at all. An EW 3 wave is usually explosive and in this case to the upside. if the 96.00 low is taken out it is back to the drawing board

Comment

We have lift off. The next thing to look out for is a daily close above the flag and perhaps a retest of the breakout zone which must be successful for this idea to gain more traction
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