As the chart shows Price looks like it is heading towards the support of where the selling climax happened earlier this year. If the spring does occur, this would mark Phase C of the schematic and confirm this is Accumulation. Clues would be a break of the support on low volume signalling retail has exhausted majority of their supply. There is also a LVN in the...
Could not help but see how similar Wyckoff's Distribution schematic #3 looks compared to the DXY, what ought to come next is a blood bath in the form of markdowns.
If so then this would cause an Increase in most xxx/USD pairs & a fall in most USD/XXX pairs.
I am interested to see what you guys think about this.
