DXY: Be VERY CAREFUL About Buying This!
Recommendation: Watch and Wait
The Dollar did not reverse last week as I was projecting it might after completing that crab pattern. But let's keep in mind that prices will often exceed the D point of the crab because the crab CD leg is reflective of an impulse wave. Usually a strong one. And in that sense, the ending of that impulse wave will usually end violently. We haven't seen that yet here. So I am projecting now that we should see prices drop more and do it explosively! So be careful of buying here!
The Dollar did not reverse last week as I was projecting it might after completing that crab pattern. But let's keep in mind that prices will often exceed the D point of the crab because the crab CD leg is reflective of an impulse wave. Usually a strong one. And in that sense, the ending of that impulse wave will usually end violently. We haven't seen that yet here. So I am projecting now that we should see prices drop more and do it explosively! So be careful of buying here!
SPECIAL Report on the S&P 500. Read it here. It's FREE: bit.ly/2KGJ409spx818
Mailing list: bit.ly/2iNieEY
Facebook Group: facebook.com/efxselect
Twitter: @andrewefxselect
Website: efxselect.com
Mailing list: bit.ly/2iNieEY
Facebook Group: facebook.com/efxselect
Twitter: @andrewefxselect
Website: efxselect.com
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.