Dollar Milkshake served to you in a tall cup with a handle
Yes crypto is coming and the BRICS are now competing against the dollar, but dollar is still top dog. In times of economic uncertainty and with other fiat currencies losing value at a faster rate than the dollar, people will demand it surging the price higher
We are now in to the second impulse of an ascending broadening pattern
Scenario 1. Dollar is a super bull and does not make a third impulse
Scenario 2. We break and feign, re enter structure, retest KLoS and thus creating a large third impulse before bulls take full control?
Yes crypto is coming and the BRICS are now competing against the dollar, but dollar is still top dog. In times of economic uncertainty and with other fiat currencies losing value at a faster rate than the dollar, people will demand it surging the price higher
We are now in to the second impulse of an ascending broadening pattern
Scenario 1. Dollar is a super bull and does not make a third impulse
Scenario 2. We break and feign, re enter structure, retest KLoS and thus creating a large third impulse before bulls take full control?
Note
Rim of the cup/KLoS
Note
CHART INVERTED!
Scenario 1.. Dollar super bull
Scenario 2.. Third impulse created
I am waiting patiently for scenario 2
Note
The Dollar Milkshake Theory: Brent Johnsonyoutube.com/shorts/HOdxvCgpEkU?si=EgkR4IhjVAHlQObN
Note
CORRECTION: Apologies, It is a Descending broadening pattern
(It gets confusing sometimes when you're looking at inverted charts :)
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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.