Previously, I pointed out a head and shoulder pattern represented by the green drawn line. A second rally occurred which I did *NOT* expect. However, I think we've finally found the second shoulder. Notice the peaks in RSI and consistent reversal pattern.
This is DXY/(GOLD/2000 + SILVER/20) which reveals a more true evaluation of US Dollars. However, similarly a smaller H&S in the second half of November can be seen in DXY, but this one is larger and more clear.
After my previous wrong analysis, I feel a higher confidence this time.. However, I could be wrong again! Thanks for reading.
This is DXY/(GOLD/2000 + SILVER/20) which reveals a more true evaluation of US Dollars. However, similarly a smaller H&S in the second half of November can be seen in DXY, but this one is larger and more clear.
After my previous wrong analysis, I feel a higher confidence this time.. However, I could be wrong again! Thanks for reading.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.