ridethepig | SEK for the Yearly Close📌 SEK for the Yearly Close
In general the following flows are working flawlessly, sellers have recaptured the control and are bringing about a lot of pressure on the main macro targets issued at the beginning of 2020. One indication of the weakness is clearly the USD devaluation, and is represented by the attacking side rushing to SEK.
Introducing some layers to time for this just as an example for reference points using Gann, it is strategically interesting to see Feb 2022 as it is also a panic cycle in the dollar according to my models. The buyers are hanging by a thread, they are having trouble trying to pay their debts and will have to convince the creditors.
At the point when this was made, Fed was seen as a deer in the headlights via Covid capitulation / flip flop and, with what immense trouble they will have now in achieving credibility after funding the Whitehouse policies in broad daylight!! Watch for the lows next week, its not quite so easy for buyers to dispose of the momentum here: if this happens we may enter into waterfall mode.
Thanks as usual for keeping the feedback coming 👍 or 👎
