On the US Dollar Index, it looks like we’re in a massive Expanding Wedge here. The median line of the Wedge, which so happens to be a nice little S/R line, has just been broken with volume. I expect a re-test of this line, then a run up to the 3rd touch on the upper boundary of the Expanding Wedge. This 3rd touch should reject even more violently than the first two. The pattern will then be considered complete.
Summary:
Not much has changed since my last episode. Which is probably a good thing considering the Holiday Season should be our focus right now! More time with friends & family is the goal we’re typically after with the money we hope to gain from the markets, but don’t forget you can have that now, too :}
We’ll keep an eye on the market, and I’ll be TAking Requests next week for the final episode of the year, which will probably be released around the 15th!
Then, to close the year out, I plan to do the big ole’ Christmas Special between Christmas and New Years, which will be a massive “year in review”-type episode!!
Until next time!
CC
Disclaimer:
Cryton Capital is not a registered investment advisor, legal advisor, tax advisor, or broker/dealer. All investment / financial opinions expressed in any-and-all posts on this page, including screenshots & captions, are from the personal research and experience of the owner, Mr. Chris Cooper, and are intended to be interpreted as educational material only. Although best efforts are made to ensure that all financial charts and commentary are as up-to-date as possible, there may be times where price moves beyond key levels before the chart can be posted. Alas, this is part of the fast-paced financial sector and cannot be avoided. Also, occasionally unintended errors and/or misprints may occur.
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