the 21st of August 2022 — Sunyay!

Intrude Into The Market Place: Day 9

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Dollar $

$DXY is retrying to break July’s ATH !

Self-Captured: From TradingView

USOIL & UKOIL:

EMAs are flattening…
Support is hitting…
Downtread is breaking… ?

Would there be a rebound soon ? Or reversal , what do you think?

For a reversal to happen, there are 3 steps to be achieved in order:

1. Price switches over from below the EMA line to above the EMA line.
2. EMA line is following the footstep of the price, going upwards.
3. An upward Golden Cross between the short-term EMA line and mid-term EMA line.

See this article for a deeper insight.

Self-Captured: From TradingView

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