Hello Traders!
Here we can see the DXY is overpriced and overvalued.
It is currently sitting within a premium range.
When I see premium I think of commercials seeking short opportunities typically back down into equilibrium of the range.
In order for price to seek higher price it will need to see at least equilibrium or discount for commercials to load longs.
Distribution needs to occur in my opinion and has already started.
Here we can see the DXY is overpriced and overvalued.
It is currently sitting within a premium range.
When I see premium I think of commercials seeking short opportunities typically back down into equilibrium of the range.
In order for price to seek higher price it will need to see at least equilibrium or discount for commercials to load longs.
Distribution needs to occur in my opinion and has already started.
