USD INDEX
Here is the USD index future market daily chart, at point A its Monday we have widespread up bar closing near its high with very low volume, there is no serious deal of demand in this bar but it has a bottom tail which indicates lack of supply early of the day,
At point B we have a narrow spread down bar which is not indicating anything clearly,
At point C we have a widespread up bar closing off the high with increased in volume its bullish bar but little supply is present, at point D we have a widespread up bar volume is still bullish on this bar it has a bottom Tail which is indicating this market was tested early of the day due to appearing supply on the previous bar ,
At point E its Friday we have a widespread down bar closing near its low with increased volume, now in the background view we have bullish readings, but on Friday action some logical view is indicating something to think against background, prices were marked up above the old supply zone which indicates stop loss hunting and misleading of those who were not in the market already , also we reached the trend channel supply line,
We can expect further lower prices but how long ..?
it will decide Monday action
Here is the USD index future market daily chart, at point A its Monday we have widespread up bar closing near its high with very low volume, there is no serious deal of demand in this bar but it has a bottom tail which indicates lack of supply early of the day,
At point B we have a narrow spread down bar which is not indicating anything clearly,
At point C we have a widespread up bar closing off the high with increased in volume its bullish bar but little supply is present, at point D we have a widespread up bar volume is still bullish on this bar it has a bottom Tail which is indicating this market was tested early of the day due to appearing supply on the previous bar ,
At point E its Friday we have a widespread down bar closing near its low with increased volume, now in the background view we have bullish readings, but on Friday action some logical view is indicating something to think against background, prices were marked up above the old supply zone which indicates stop loss hunting and misleading of those who were not in the market already , also we reached the trend channel supply line,
We can expect further lower prices but how long ..?
it will decide Monday action
