This disgusting view of the USD index would be beneficial to all sorts of ‘inflation trade’ (read: non-Goldilocks) items out there seeking an investment bid. A couple mitigators to the obvious looking bearish view… 1) It’s not yet a confirmed H&S because the neckline is intact and 2) You, me and every chart jockey on the planet sees this pattern and 3/4 of them are probably making a big deal about it.
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