This long-term chart shows how the USD Index is trading within the boundaries of the Median Line set.
We see the lower extreme, solid support around the Center Line, and the upper extreme acting as resistance.
What’s next?
Well—if it’s not heading higher, it’s likely heading lower—and the rejection at the Upper Median Line (U-MLH) supports that view.
If we revisit the Center Line, my experience tells me it won’t hold—we’ll break through and head even lower.
Buckle up. It’s going to be a rough ride.
We see the lower extreme, solid support around the Center Line, and the upper extreme acting as resistance.
What’s next?
Well—if it’s not heading higher, it’s likely heading lower—and the rejection at the Upper Median Line (U-MLH) supports that view.
If we revisit the Center Line, my experience tells me it won’t hold—we’ll break through and head even lower.
Buckle up. It’s going to be a rough ride.
Trade attivo
Slowly on its way.PTG1 is the Center-Line.
Nota
I know it's boring - but it's working.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.