US Dollar Rising Wedge

20 ก.ย. 2021

The dollar looks to be in a rising wedge formation (bearish set-up). The RSI is also running out of steam with lower highs. It could bull trap above the wedge before breaking down with a wick or two. It could also simply topple over soon and end up falling out the bottom trend line. Looks likely to decide by early November.

Remember, a falling dollar is good for cryptos and safe havens such as metals.

1 ต.ค. 2021

บันทึก

Looks like the dollar has bull trapped (as I warned it could).
RSI now looks to have triple topped while making this higher high in price - bearish divergence.

28 ต.ค. 2021

บันทึก

I love it when a plan comes together.

28 ต.ค. 2021

บันทึก