View: USDollar Index Daily Log.png
USDollar Index Daily Log.png
Is the US Dollar about to fall?
US Dollar Index daily log: We have now developed a fairly large negative reversal in the daily RSI (dashed line) which usually leads to lower lows. My personal "view" of the current formation is that we are likely in an a-b-c down wave (see my previous post from 2 weeks ago of the weekly log). Notice in this view b= .62 retraction of a. We are now possibly at .b which is a .5 retraction of .a. Would I "fib" to you?
Have a great weekend. Tomb