Contradicting my DXY idea from yesterday;
Bearish channel in fiber looks to be heading for the 1.08s. Although, i would exercise caution when shorting due to a recent bounce off of the 50% fib level.
A bullish reversal would correlate with my DXY lower prices theory. However, i believe higher $ and lower Fiber is more likely than lower $ and higher fiber.
Bearish channel in fiber looks to be heading for the 1.08s. Although, i would exercise caution when shorting due to a recent bounce off of the 50% fib level.
A bullish reversal would correlate with my DXY lower prices theory. However, i believe higher $ and lower Fiber is more likely than lower $ and higher fiber.