Further bearish capitulation = re-test lower range of ascending parallel channel (white) / Golden Pocket confluence zone.
Major macro economic news this week = higher probability of implied volatile swings in either direction.
Comment
DXY chart update (Thurs 14/12):
JFC, DXY got absolutely wrecked post-FOMC.
Inverse H&S invalidated - dump straight down (overextended?) to lower range of ascending parallel channel (white) & into Golden Pocket.
Quick reversal to re-test parallel channel break - possible move higher to fill ~102.90 gap, consolidate around 61.8% Fib, or break below ~102.4 wick low to continue dumper, TBC.
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