sportteacher

The dollar has gained strength with the tax wind of the tramp.

It went below the channel, if it doesn't come back down, it will stay in the alt channel, keep watching, I know it's taking patience, actually the Fed lowered the interest rate, everything is fine but they won't let it go that easy, let the tramp come too, let's see if he will start the rally, it's just for watching purposes ytd;)

In the short term, it broke the rising channel below alt and got support in the channel. Let's see if the channel will be supported or if it will open a new channel above or below. It is for monitoring purposes only. ytd :)

Closing above the channel will take us to the upper band, let's see where it will take us to. If we can't break it, it will go to the middle band support ytd ;)

The channel I follow has forced the middle band above it this week, the closings above it will take it to the upper band as if the upper band rally is ending towards the end of May. Actually, if 120 thousand comes, we need to empty it slowly. My own target is to sell 25% of 120 thousand, now I will sell 50% of the remaining 145 thousand, and leave all or 10% of the remaining 180 thousand, of course if it comes, invest ;)

I think a channel that works like a pencil would be perfect if it closes above red seven from the middle band. It should wrap horizontally, otherwise the channel will visit the alt band. There is a Fed interest rate decision this week, let's see its effect.

Yes, the old channel is known to everyone, now we are on the channel above it, last week it got rejected from the middle band, now it has been rejected, we have to close it for a week and if it rests there for a while, that would be great ;)