rising wedge is very reliable, distance from WMA and DMA is very big, get ready for a big drop when this wedge is broken
bearish rising wedge looks ready to break for a large move down in USDCNH. This aligns with DXY topping out, the next few weeks should be interesting for this pair. Strong resistance was not able to be held on the daily and weekly ending 3/08. I posted before this big move up in USDCNH that I was long, it is now entering a reversal. see here Some insight: There...
bearish rising wedge looks ready to break for a large move down in USDCNH. This aligns with DXY topping out, the next few weeks should be interesting for this pair. Strong resistance was not able to be held on the daily and weekly ending 3/08. I posted before this big move up in USDCHN that I was long, it is now entering a reversal. see here Some insight: There...
There is a strong convergence of the daily/weekly and monthly trend lines, we had a second touch on friday 3/08 on the monthly (greenline) with a big bounce and strong volume. Could this be the start of a big move in Silver?
Silver bottom ending the week on 3/8 is very interesting, we see a convergence between the three lines plotted from daily, weekly and monthly . On friday we had a second touch to the monthly (greenline and a bounce with strong volume) it's possible for a major break in the coming weeks on silver.