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Olu
Dec 19, 2015 6:39 PM

Dollar Index: Consolidation before breakout Long

US DOLLAR CURRENCY INDEXINDEX

Description

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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