A historic Adam and Eve pattern almost 40 years in the making !!
I have been looking on the DXY historic chart, taking to notice the most important global economic crises, as I suppose what we are living in now is an economic crises that the world haven’t seen in almost 40 years since the 80’s inflatory recession, the world hasn’t seen another one until now and the markets isn’t ready for it.
Also what notice the all time high pf the 80’s period when markets where crashing, exactly at 1985 when the DXY formed its ATH around 160, then it started the formation of a crazy Adam and Eve pattern that took almost 40 years in the making.
We are now facing a huge resistance which is also considered the neckline of adam and eve, and acts as the strongest resistance in DXY history where it opened in the late 60’s at around 120 and the last time we checked that area where the price failed to breach it was also in the early 2000’s folowing the dotcom bubble, 20 years ago.
A visit for the 120 resistance area for the first time in over 20 years is now most probable than ever but the question remains: with all the economic events in the world, following a fierce global pandemic and the biggest invasion of a country since WWll, driving inflation soaring all around the world, will the DXY stop at the 120 resistance level that stopped it 20 years ago or are we going to see the biggest disaster on exchange markets in 40 years by following this Adam and Eve pattern and heading for the historic ATH of 160 ? We will definitely see the answer in the next couple of months but in my humble opinion there is a big probability for it so be ready.
PS: This is not a financial advice, DYOR and trade accordingly, best of luck.
Also what notice the all time high pf the 80’s period when markets where crashing, exactly at 1985 when the DXY formed its ATH around 160, then it started the formation of a crazy Adam and Eve pattern that took almost 40 years in the making.
We are now facing a huge resistance which is also considered the neckline of adam and eve, and acts as the strongest resistance in DXY history where it opened in the late 60’s at around 120 and the last time we checked that area where the price failed to breach it was also in the early 2000’s folowing the dotcom bubble, 20 years ago.
A visit for the 120 resistance area for the first time in over 20 years is now most probable than ever but the question remains: with all the economic events in the world, following a fierce global pandemic and the biggest invasion of a country since WWll, driving inflation soaring all around the world, will the DXY stop at the 120 resistance level that stopped it 20 years ago or are we going to see the biggest disaster on exchange markets in 40 years by following this Adam and Eve pattern and heading for the historic ATH of 160 ? We will definitely see the answer in the next couple of months but in my humble opinion there is a big probability for it so be ready.
PS: This is not a financial advice, DYOR and trade accordingly, best of luck.