Daily cycles can vary in length for different assets, but in general The U.S Dollar tends to move in an “18-22 day period” from trough to trough.
The previous daily cycle topped out on day 4 then rolled over for a good solid move lower over a 16 day period.
Today marks the beginning of a new daily cycle now………don’t get excited.
A new daily cycle that will “again fail” early ( if not immediately ) and roll back over for another “crater” into oblivion so……..a new daily cycle in a “bearish downtrend” only providing further opportunity to SHORT. The dark black line showing the resistance zone for USD. She ain’t poppin thru that – no way!
I’m not flinching / moving a muscle as today is a single day’s action that has already run straight into overhead resistance. The U.S Dollar is NOT reversing its downward trajectory here – hell no.
Waterfalls ahead. Stay Short – keep accumulating crypto. You’ll see.