Looking for shorts but still holding off for now, price struggling around the resistance but also giving no real direction. Ill be waiting for a better move and if you are taking shorts now I would be keeping stops nice and tight! Never forget the overall directions!!
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Still no real direction from this pair, I WILL NOT be looking at any trades until we break away from consolidation zone (2 highlighted areas). If I had to guess more DXY strength to continue and this should break to the upside.
@sampsonatogregory if I didn’t go broke paying for a new car at peak inflation and then not working for over 6 months after becoming disabled and having a weeklong hospital visit, and nasty MRSA infection I’m still not over, I’d go all in on DXY against just about any currency except the Russian Ruple. US/EU lawmakers just don’t get it that the sanctions are a gift to Russia and a tax on the West and the rest of the world.
Either way DXY broke out of a super macro pattern on monthly and weekly with target near 180..... 113, 114, we are still looking at small potatoes. I’ve been mentioning the upcoming meteoric rise in DXY for a long time now. Almost as long as predicting US10Y would hit 3.5% way back in early January, as it’s macro pattern breakout aligned EXACTLY with the end of the bull market.
UVXY hitting 52 week lows marked the end of the ridiculous bear market rally we had recently that had ppl believing June was the bottom. I’ve literally been within 24-36 hours of calling every major reversal in the market trend since last October and I’m poor. That’s really pathetic. (My WeBull portfolio is up 500% YTD and WeFolio is beating 99.37% of all portfolios.... and that was without touching it.) I’d have sold inverse positions during the rally’s and gotten bullish positions to profit off both directions.
I shared on here as an idea that ETC would rise at least 55% in a very short time period back in March or April I forget, it was about to break and that was measured target. 25 minutes after my post the rally started and it went up 125% in a week. I had $20 invested that I used some leverage to boost gains some but still, another amazing accurate call with no profit... because I got disabled and lost all extra income, well all income period.
I’m trying to rebuild a portfolio starting from $20 lol it’s not ez especially when ur broke and keep taking out profits. There is going to be pain in the markets like no one has seen in their lifetimes, the fact the VIX still is so low is further evidence.
You can arguably draw a descending line down from March 2020 and find a giant triangle it already broke out of. It’s target is around where it hit in. March 2020. If the markets are this low now without even moving the VIX that much, think what a March 2020 VIX will look like. 🔥🔥🔥🔥🔥
TL DR: Dat line is gonna BREAK!!
walidmvp
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@BrianVS Hey Brian…I just read your compelling post. I want to invest/trade along side you on every trade you see going forward. Let’s start with a thousand and see what happens. HMU