Olu
Long

Dollar Index: Consolidation before breakout

INDEX:DXY   US DOLLAR CURRENCY INDEX
39 0 2
Comments on the chart. As long as the black line holds...
Comment: Consolidation price action with the upper and lower limits intact just as I expected. If a triangle is forming this as good a point to see some upside past 99.29 but below 100.47
Comment: A move up from here will build another leg of a possible triangle. Black line is still holding as well
Comment: The original idea is still holding true. I was calling for some time -wasting price action for the end of the year while the black line holds. We are getting exactly that.. I am still looking for an upside move after all this is done
Comment: 97.22 is still intact so my idea of a time-wasting consolidation above the black line is still in play. Ultimately I am looking for a breakout to the upside
Comment: Consolidation still in play...
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