Capitulation on Month/Year CAM S3

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This is what I was waiting for. Now we revert to the 2017 close of 1.3500. DXY GLD EURUSD

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ملاحظة

DXY triple top H/S on 200 Week SMA.

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ملاحظة

GU seasonality imgur.com/a/RqHs8VB

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ملاحظة

If classic Wycoff theory holds, this new 2018 daily low will be a false break down and pop back up. Watch carefully the level around the previous 2018 low and Year CAM S3 shown above, which was officially struck today.

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ملاحظة

I need to see some price action to confirm this, and so far nothing really. This morning had another big leg down with volume but buyers have not chosen to v-bottom it (yet).

Next week.

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ملاحظة

DXY seasonality: imgur.com/a/aHJBqAB

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تم فتح الصفقة

Opened trade when yesterday's high (July 19) was broke today. The EU long legged doji with heavy volume on support was key. Notice another tap on the main descending pitchfork bottom rail. Each time this has happened we have had a pullback. This seems real to me off the Year CAM S3 pivot.

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ملاحظة

I expect a larger recovery for next week as GBPUSD seasonality kicks in, link above.

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ملاحظة

Up 130 pips so far.

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ملاحظة

First profit taking point approaching @ 1.324.