When the mighty dollar weakens, what is to follow for the markets? hmm, hmm, hmm.
Daily Chart clearly shows a rally into the supply zone . I'd say 1-2 more daily candlesticks before a retracement happens but first it may attempt to reach another high before getting rejected below the supply zone . I wont doubt that supply zone will break the next attempt at it but that wont be for awhile. let's worry about right now before the dollar strengthens again. We use this analysis and it allows us to have a foresight into the trend of other market instruments.
ALWAYS DUE DILIGENCE!
Daily Chart clearly shows a rally into the supply zone . I'd say 1-2 more daily candlesticks before a retracement happens but first it may attempt to reach another high before getting rejected below the supply zone . I wont doubt that supply zone will break the next attempt at it but that wont be for awhile. let's worry about right now before the dollar strengthens again. We use this analysis and it allows us to have a foresight into the trend of other market instruments.
ALWAYS DUE DILIGENCE!
