Nasdaq strong channel support, needs to hold here.
Oil on strong support as well.
Note how both candle bodies are large and far outside lower bollinger band on the 4 hour.
This implies by consequence that DXY or USD is about to tank.
Oil on strong support as well.
Note how both candle bodies are large and far outside lower bollinger band on the 4 hour.
This implies by consequence that DXY or USD is about to tank.
Comment:
Time to bail out if this channel breaks down.
Trade closed manually:
Okay, exit should be here. Rally looks to have fizzled out, the risk to the downside is too large for indices to continue recommending this course of action.
Indices look like they are about to crack.
Indices look like they are about to crack.
