1 reply to this topic

[linrom1]

Nothing special just Wave A=C.

[Douglas]

limrom1, as of this morning the yellow line double top is kaput, but there is still the risk of a "Turtle Soup" sell signal if the double top does not now act like support.  Also my dollar risk summation system says today is a risk window, so I expect the dollar to turn down or maybe have an acceleration of the current up trend, and, as you note, circle A wave parity with circle C wave around 108 reached just a few minutes ago, could act like overhead resistance, so the dollar is clearly not out of the bear-filled woods yet.   What the bulls have going for them is the rough multiple bottom reversal at around 100 isn't satisfied until about 114.

 

 

Regards,

Douglas

Edited by Douglas, 22 November 2024 - 05:37 AM.