Dollar has reached a significant resistance area represented by the neutral Gann line drawn from the 2001 top.
Expect the dollar to make a failed yearly cycle which opens the door to the 50 % Fib retracement level and below. Dollar will most likely make its top a blow-off one next week, perhaps to the 104-level but with very little probability of getting above this area.
Expect the dollar to make a failed yearly cycle which opens the door to the 50 % Fib retracement level and below. Dollar will most likely make its top a blow-off one next week, perhaps to the 104-level but with very little probability of getting above this area.
Commentaire:
It is moving slow. So slow. But in the right direction.
Commentaire:
Bounce here at 23.6 retrace. Hmm, how far will it bounce?
Commentaire:
Approaching 38.2 %
Commentaire:
Hm, I dunno if it will go all the way to the 87 in this wave, but if we get an extended wave 5 retrace we might. Scaling in small for long could be a good idea from here.