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The U.S. Dollar has been trapped inside of a multi-year pennant pattern, which continues to narrow, frustrating both bulls and bears, due to lack of movement or conviction.
The “End of the pattern is near!”
Power of the Pattern shared a few weeks ago King Dollar should rally due to this (see post here)
This pattern doesn’t usually tip its hat on the outcome/direction of the next big move, yet it usually pays to follow the breakout/breakdown. With the U.S. Dollar being trapped so long…the “ending of this pattern” could send important messages per portfolio construction for the upcoming months!