$USDollar Chart: A Larger (BEARISH) Pattern Ahead? | #USDollar
$USDollar Chart: A Larger (BEARISH) Pattern Ahead? | #USDollar #USD #EURO #Gold
Friends,
We just released this chart and provided a short description of the successful forecast that called for a decline in the USDollar Index at a well-defined level. If you want to take the time, simply see original chart set-up here: on.fb.me/1dtkXqN, as well as the final dead-on hit result here: on.fb.me/1ktCEzB.
We decided to repost the chart after drawing the ghost (i.e.: fainlty defined lines in light grey) of a potentially larger Wolfe Waves pattern ("WW" in short). If this WW remains valid, we should potentially see another USDollar Index decline along the 1-4 Line, which is the faint grey line slopingtowards the bottom right in the chart.
Independent from the chart and price action, our prop methodology does confirm a bearish directional commitment of the USDollar going forward, falling in alignment with the directional bias which the WW is know to produce quite reliably.
OVERALL:
The USDollar is markedly Bearish, and further downside incursion should be expected. Look for structures are probable level of price interference, and remember to "do the due" diligence in ALL of your trade analysis prior to committing to a position: It's the responsible and professional thing to do, even if you are not a true professional (at least, act like one, and you will become one).
Have a fantastic weekend!
Cheers,
David Alcindor | 4xQuad.com
Friends,
We just released this chart and provided a short description of the successful forecast that called for a decline in the USDollar Index at a well-defined level. If you want to take the time, simply see original chart set-up here: on.fb.me/1dtkXqN, as well as the final dead-on hit result here: on.fb.me/1ktCEzB.
We decided to repost the chart after drawing the ghost (i.e.: fainlty defined lines in light grey) of a potentially larger Wolfe Waves pattern ("WW" in short). If this WW remains valid, we should potentially see another USDollar Index decline along the 1-4 Line, which is the faint grey line slopingtowards the bottom right in the chart.
Independent from the chart and price action, our prop methodology does confirm a bearish directional commitment of the USDollar going forward, falling in alignment with the directional bias which the WW is know to produce quite reliably.
OVERALL:
The USDollar is markedly Bearish, and further downside incursion should be expected. Look for structures are probable level of price interference, and remember to "do the due" diligence in ALL of your trade analysis prior to committing to a position: It's the responsible and professional thing to do, even if you are not a true professional (at least, act like one, and you will become one).
Have a fantastic weekend!
Cheers,
David Alcindor | 4xQuad.com