It seems very evident after the big market "reset" in March 2020 that we have had a complete buy back of all assets. The similarities to 2009 are uncanny across multiple asset classes.
Note
DXY sequence today Note
DXY sequence in 2008-2009 is extremely similar, including the "last opportunity" to short swing for the remainder of the year somewhere around mid-June. Note
Nice move here for the H4 candle off Month CAM R3. Minimum target for the type II camarilla trade is back to Month CAM R4, half way there. Note
Great start!We broke out of a descending wedge here, and may need a retracement after striking Weekly Camarilla R4.
Note
It looks like we are catching a break today with the rest of the markets. There is a breakout backtest of the descending wedge happening now. Note
78.6% retracement of recent move up, Day CAM S4, Month CAM R3, and trendline break backtest all at the same location. Added 2 more lots long. Note
Nice DXY backtest of Month Camarilla S3 and the 21 Day Highest close. Added to EU longs. Note
Hits year CAM R4 target at 1.1600 as gold closes in on the 2011 highs.Note
This trade is up 400 pips so far.Note
2009 seems to be correlating extremely well Note
If history is a lesson we should follow this channel toward the year on DXYNote
On average DXY rebounds after a heavy dump into the FED. The late July / early August statement usually triggers a pulback up. I think we can do this for two weeks and retest the March low (now broken) before descending further the remainder of the year. Regression channel overlay.
Find the edge.
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Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: paypal.me/mortdiggiddy
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Find the edge.
Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: paypal.me/mortdiggiddy
Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: paypal.me/mortdiggiddy
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.