You don't have to be a SCHOLAR to see the pattern in DOLLAR Inds
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Standard Cup and handle Pattern on Weekly Chart.
Retracement from key dual supports.
Downside is almost arrested.
Low Risk High Reward.
Slow Mover. Momentum will pick up later as MACD is turning bullish too.
Retracement from key dual supports.
Downside is almost arrested.
Low Risk High Reward.
Slow Mover. Momentum will pick up later as MACD is turning bullish too.
Note
Don't panic if invested. Markets are retracing. 360-380 is a strong support zone.Note
360-380 indeed was the strong support. Rallied and made a Pole-Flag pattern in the form of a cup. Indications show further up move.Note
*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
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