Dixieland. Issue #3 from 11.10.2016

Updated forks and an ABCD pattern: looks like somebody finally had serious problems and had to run into the US Dollar 0.79% . But the room for a run comes to an end... It´s been said that, after the Renminbi devaluation the chinese took 25 bln out of the country while normal capital movements does not exceed 4 bln.

Regarding to a pattern itself, it ends at 99.11 There is also an option for having 98.57 and a corresponding double top. After that, it is a free run to 94.67 as a first target

Commentaire:

Same pattern at UUP with very similar levels. DXY may run up to 99.50 before reversal

Commentaire:

Important resistance at 98.50 is being blown out, all at cost of EUR. The movement of a capital from the EU zone to the USA is being evident.

This is exactly a moment when we start having 80%+ of the bulls... COT report will be interesting to watch this week

Commentaire:

I think it is topping but not yet there...