Remember this chart I posted 3 weeks ago? I said after the break of the wedge line we needed to retest it and then kiss goodbye.
It went up and up bumping up every time against the resistance, trying to regain the wedge area...it failed and to me is a kiss death goodbye. Sayonara bulls.
P3 is ongoing folks, as I see it... of course I'll look like a damn fool if I happen to be wrong, which may well happen.
Just pity the fool:
On similar fashion, the USD has broken it's long term trendline... it looks I picked the right night, the other day on USD since that so far was the day of the low... The trendline was also retested and reacted positively, so it all looks good for a trend reversal...
See the following graph: