We are all familiar with Brent Johnson's theory by now. It isn't one that I agree with simply because the petro dollar standard is dead. I also think that emerging economies have found other options to finance their needs and are defaulting on their dollar obligations.
I am not a huge fan of head/shoulder formations, but that is what we are seeing here imo. Price has just rejected off of the neckline, in a rising wedge since June and is now testing the lower bound.
Key areas of significance:
98.50 on the upside
89.50 on the downside
Interesting times indeed as the global economic reset takes hold.
I am not a huge fan of head/shoulder formations, but that is what we are seeing here imo. Price has just rejected off of the neckline, in a rising wedge since June and is now testing the lower bound.
Key areas of significance:
98.50 on the upside
89.50 on the downside
Interesting times indeed as the global economic reset takes hold.
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.