Is the dollar milkshake spilling on the floor?
We are all familiar with Brent Johnson's theory by now. It isn't one that I agree with simply because the petro dollar standard is dead. I also think that emerging economies have found other options to finance their needs and are defaulting on their dollar obligations.
I am not a huge fan of head/shoulder formations, but that is what we are seeing here imo. Price has just rejected off of the neckline, in a rising wedge since June and is now testing the lower bound.
Key areas of significance:
98.50 on the upside
89.50 on the downside
Interesting times indeed as the global economic reset takes hold.
I am not a huge fan of head/shoulder formations, but that is what we are seeing here imo. Price has just rejected off of the neckline, in a rising wedge since June and is now testing the lower bound.
Key areas of significance:
98.50 on the upside
89.50 on the downside
Interesting times indeed as the global economic reset takes hold.
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