US Dollar Index; Thinking out loud.

I don't trade the currencies so I know crap compared to you folks. But I do love charts. The US Dollar index is still clearly in a downtrend. It seems a lot of folks are expecting a pop up here. I think we may be in a short term expanding triangle. Just an idea to consider.

تعليق:

IFFF this is a expanding triangle: often there is a Fib relationship to the moves. Should know soon.

تعليق:

In a a=b=c correction there often is a Fibonacci relationship between a and c. A fairly common relationship is c=a. in the wave .c of the possible expanding triangle .c = .a was hit Friday. We'll see soon if this holds.