US Dollar Bullish Spike Review

I’m working this rally as a Minor degree correction, which is not finished just yet, but this USD rally  has more to go, as another wave 3-4 should happen.

We had several gaps open up on the way down, so I was pretty confident that the US dollar still had to rally and close those 2 gaps. Now on the way up, a huge gap open up, which will get closed in the future. We know that the USD will eventually decline again, and close this gap completely.

Gold and silver both took hits as well, while oil soared this morning in a massive bullish move at the intraday scale.  I have full confidence that the US dollar is not going to the moon, but this rally could remain bullish in the shorter term.

I usually do not post on Mondays that much as most of the real action happens during the rest of the week.  The full moon is still about 5 trading sessions away so we will find out with the Sunday session if any reversal may happen.

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