Matt/Steve, Practicing my macro analysis, looking for
feedback. Was looking at the monthly dollar. Had a solid symmetry
break on the last move. Definitely not a bearish chart, has strong
support at 27, butttt often times when you get a hard, straight
selloff, you see a retest, some form of a W. Would be quite a
narrow V if it shoots straight up. The weekly is up 5/6 weeks
straight. As a commodity bull, curious to see how it plays out. How
would you guys map it?
looks good with your simple symmetry projections. As far as wave
counts, to me the Dollar doesn't move in easy trending 5 wave
patterns like the indexes, it's more ABCs
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Matt/Steve, Practicing my macro analysis,
Posted by buddha on 9th of Mar 2023 at 09:21 pm
Matt/Steve, Practicing my macro analysis, looking for feedback. Was looking at the monthly dollar. Had a solid symmetry break on the last move. Definitely not a bearish chart, has strong support at 27, butttt often times when you get a hard, straight selloff, you see a retest, some form of a W. Would be quite a narrow V if it shoots straight up. The weekly is up 5/6 weeks straight. As a commodity bull, curious to see how it plays out. How would you guys map it?
looks good with your simple
Posted by matt on 9th of Mar 2023 at 11:40 pm
looks good with your simple symmetry projections. As far as wave counts, to me the Dollar doesn't move in easy trending 5 wave patterns like the indexes, it's more ABCs