On 1/12 the “Power of the Pattern” reflected a bearish wedge was in place in the U.S. $, which reflected a two-thirds chance the dollar would move lower in price. (see post here)   For those that took this pattern as an opportunity to short the Dollar, its been a good ride. See below for action to be taken…



For those of you that have be short/scoring on defense in the Dollar, harvest the gains.  The day is long from over for sure and the Dollar could turn tail and keep moving south.  Due to support being at hand, add some pocket change by taking profits.

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past