The wick mean nothing. It's just a trick to get people to sell when they should be buying.
S&P at support, not sure it will hold. If it doesn't it's a long way down.
The rate hike on USD was about 6 months late and too little. The divergence is significant. Same thing I warned about on S&P or just about every trade.
Last time the market followed oil down. Don't know what it will do this time, just be careful.
Historic prices reflect a much lower USD/CAD
So the RBNZ cut rate's recently and the FOMC raised rates recently. I can go much lower.
At some point oil will stop falling. When it does you know where to be.
We all know Canadian's can get it out of the ground at these prices and still make money.
What ever Draghi said the other day only lasted for 3 hours.
Did we stop trading with Canada? What's the reason for not moving?
Not sure if these patterns have to exact, but it looks like a bearish butterfly. Along with negative divergence.
Approaching resistance with divergence and reversal candles on monthly and weekly charts.