Double top was breached, enticing LONG positions. algorithm then rejected higher priced and resulted in a rapid (2 year) drop that broke market structure. a move like this would cost billions to move the market. Price has taken some time to pull up and retrace into the 70.5% FIB. very short term high will be ran out to take out stop losses of any trader that is already short. after this, i am expecting a complete dollar melt down to the equal lows much MUCH further down.
If this plays out I hope you bought physical gold, silver or crypto... you are going to need it...
this will take some time to unfold as it is on the WEEKLY chart
If this plays out I hope you bought physical gold, silver or crypto... you are going to need it...
this will take some time to unfold as it is on the WEEKLY chart