What we don't want to see is a rejection at the oppisite site of the Fib Retracement.
A rejection and a subsequent lower low would be bearish, breaking the upper boundary and rising quickly would be very bullish.
I think a squeeze is imminent as short DXY is consensus and we haven't had any meaningful counterrally
A rejection and a subsequent lower low would be bearish, breaking the upper boundary and rising quickly would be very bullish.
I think a squeeze is imminent as short DXY is consensus and we haven't had any meaningful counterrally
Comment:
Fibonaccis work!
