Previously, I pointed out a head and shoulder pattern represented by the green drawn line. A second rally occurred which I did *NOT* expect. However, I think we've finally found the second shoulder. Notice the peaks in RSI and consistent reversal pattern.
This is DXY/(GOLD/2000 + SILVER/20) which reveals a more true evaluation of US Dollars. However, similarly a smaller H&S in the second half of November can be seen in DXY, but this one is larger and more clear.
After my previous wrong analysis, I feel a higher confidence this time.. However, I could be wrong again! Thanks for reading.
This is DXY/(GOLD/2000 + SILVER/20) which reveals a more true evaluation of US Dollars. However, similarly a smaller H&S in the second half of November can be seen in DXY, but this one is larger and more clear.
After my previous wrong analysis, I feel a higher confidence this time.. However, I could be wrong again! Thanks for reading.