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Can Wedges Cause A Reversal?

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Jan 07 2021

The US dollar has seen a mixed reaction in the last 24 hours despite higher stocks which erased some of the losses after Trump's protestors take over the senate chamber. I still think upside can be limited and that these early year flows can be reversed. There are potential ending diagonals on a different markets that can limit the upside.

But for now too soon to take any action on that picture; I want to see this week closing prices.

In video below I looked at EURUSD, DAX, SP500, USDJPY and GOLD.

Our 30% discount on yearly membership is still active, if you want to apply; plus you will receive a free EW educational videos.

Trade well!

GH



  

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