Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
Friday, October 28, 2011
USD US Dollar Index Weekly Chart Gap Fill
Dollar dropped to fuel the euphoric bull move on 10/27/11. Note the gap fill at 15 now, this closes out some unfinished business. Continue to watch for a sideways symmetrical triangle to form, if so, we are at or near the bottom rail of the triangle. With the gap fill now, and testing the bottom rail, this is an excellent area for the buck to begin its ascent once again. Scroll backwards for the dollar charts from a couple days ago for more information. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.
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