I rarely use a line chart
but i wanted show this
double top a more clearly.
the weekly is bearish IMO
retesting the .9200 area denoted
with the grey zone several times
then in May we had three weeks of
bearish movement followed by
three weeks of bullish momentum
However here is where the overall
view comes into play. We are now
retesting the neckline of the weekly and
daily double top, couple with subpar
non farm employment and higher than
expected unemployment claims we may see
another bearish move.
but i wanted show this
double top a more clearly.
the weekly is bearish IMO
retesting the .9200 area denoted
with the grey zone several times
then in May we had three weeks of
bearish movement followed by
three weeks of bullish momentum
However here is where the overall
view comes into play. We are now
retesting the neckline of the weekly and
daily double top, couple with subpar
non farm employment and higher than
expected unemployment claims we may see
another bearish move.
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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.