This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford
Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj
Friday, 20 December 2013
Is this is a W5 or have we just started another huge leg up for the dollar ? :-)
I dont know but my feeling is that the correction was very flat,doji
ish candles suggesting huge support for the dollar,another big leg down
I will need at least a long tail candle on the monthly here to suggest otherwise.IF it is to reverse a sharpish reversal maybe around the solstice would be most likely but for now its a strong trend that has made new highs
also watching this daily chart.....could be in an ending diagonal ?