Transports – clear 5 waves down and example of PAYING ATTENTION TO HARMONIC #’s

note, 5 waves down after hitting a MAJOR target zone. last post on Transports: https://bartscharts.com/2021/02/21/transports-a-lot-of-degrees-of-trend-coming-together-heads-up/

note, the symmetry of the moves … wave 1 = wave 5 and the internals of wave 3 are perfect … 1 = 5 and 2=4.

you’ll also see some numbers to the side those are projections showing the clear symmetry in the waves

lastly, we were so so close to hitting the 16180 or 1.618 high .. off by .1 percent. anyway…. if you open your eyes to the harmonic ratio you will see a ton of examples.

just to show you … here’s the USD versus the LOONIE on a LONG TERM monthly and note the top …

yes that’s a MONTHLY AB=CD and then, just for shits and giggles went up and tagged 1.618 and “night night.” Just saying … pattern on a harmonic number, pay attention.

anyhoo .. here’s the chart for the transports …

Dollar Index … here we go and UPDATE

Dollar Index … some big picture considerations.

12/3 – please take the time to reread the below, as it is rather in depth, because it explains how important the coming levels are on the USD. folks, they are HUGE!

in the chart below, you will see no labeling. if bullish we poke our head below former support and ROCKET SHIP higher from 87-88. if bearish we find support but keep going down. how far down? well, of course, below the old all time low from 2008.

this second chart is the Monthly but added the RSI. this is key … as discussed below, the RSI develops bull/bear zones and can really help w/ your analysis .. in this case we are sitting right on the cliff of support for the BULLISH ZONE. If we go below there the RSI is telling us of a potential BIG trend change … adding more fuel to the fire for the key 87-88 level!

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it’s been almost 3ish years since I posted on the Dollar Index. My last post was the chart below and what’s shown are the many many time and price synergies between the current time and, well, 30 years ago. this chart nailed the high in the dollar and I’ve been watching it just seeing what type of FORM and BALANCE and PROPORTION the index would take … ummm, I still really don’t know but what’s important is the kazillion dollar COVID question – was the “high” a C or a 1. Folks, this is a HUGE deal.

so where are we ….? i don’t know where you are BUT I know that I’m somewhat confused …. is it wave 3 and we are correcting wave 4 or was that an A-B-C correction from 2008 and we are at THE MOST IMPORTANT POINT IN THE US DOLLAR INDEX right here, right now?

for the EWT purest out there, the top in 2017 around 103 is really dependent upon the correction into the 88-89 area. for the bulls, we know that wave 4 cannot overlap the end of wave 1. we don’t close below the end of 1 but we do go thru a little … man, are we cutting hairs here …? we do have the RSI transition into bullish zones but here’s all we need to know. we can’t go below 88-89 because then 4 goes below 1 and we have something else going on …..

the bears …? it’s almost a textbook zig-zag correction and the symmetry in time and price from the last BIG correction (1992-2001) is PERFECT in time and the harmonic .786 of that last big correction make the bears … hungry? The RSI resistance breakout doesn’t help BUT note how low the last rally was … again, the key is support. If we break the dashed green line … this puppy might be diving into the red sea, so to speak.

I DON’T KNOW …but here are two charts that spell out the “big picture” bear case and the bull case … either way, I suspect we’ll know soon.

Bart