A once tight channel was broken down this month on Dec 3 and @ 6:00 a.m unable to drop below 20 RSI. The significance of this is that $USD is slowly (5% over 70 days) approaching historical resistance. The most recent peaks forming a lower high while RSI is increasing favors a bullish Kumo bounce despite this, the zone depicted is where I'll be watching for the...
The pattern we see developing on the aroon is similar to ones weve seen in the past as most recent as the 500 million buy that created the extreme green candle shown. This was no mistake then and was an attempt at placing a large buy right before a jump. If you take back the height of the aroon low to the height of that very simililar pattern it was between 1-2...
