If this signal works, we'll have a great rally into resistance, which could lead to a top, and a sideways consolidation for some time in the 6.75-7 range. I think this would align with other markets showing similar mixed signals regarding equities and the dollar, or with bonds and gold chopping around but finding buyers in the daily oversold lows.
Bitcoin also paints a similar picture, potentially consolidating for a good 1-3 months in this zone where it is now.
Good luck,
Ivan Labrie.
Bitcoin also paints a similar picture, potentially consolidating for a good 1-3 months in this zone where it is now.
Good luck,
Ivan Labrie.
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