Dollar Index Drop Coming Dec 2021!
Inflation in the US economy has been increasing rapidly. In this analysis, we can see based on previous candles behavior how the Dollar Index can potentially drop.
This will be an amazing tool to help us time the best time to invest in some crypto as well.
We'll see how it develops
This trade idea is a follow up trade from a Gartley harmonic trade where the market hit a bottom for the third time on the daily chart @ 1.31000 and was rejected strongly. So this is a simple trade taken at the 38.2% retracement after a fast-first movement up. In confluence, I can also see a strong resistance level that was broken and now became support. This...
FX:EURJPY
1. EURJPY is showing a clean Gartely pattern
2. Fib retracement 78.6 being rejected
3. 1.272 ext from B to C also showing rejection.
4. Keep in mind market can still come up between 132.000 - 132.500 before dropping, being this another combination key fib levels (1.272 ext from A to B @ 132.000 ; 0.886 from X to A @ 132.440).
5. Will enter the...
