Nightwish

$DXY

Short
Nightwish Updated   
TVC:DXY   U.S. Dollar Index
As far as I`m concerned, analyzing DXY is the key for trading USD counterparts. It is obvious that price retraced to 61.8 Fib on monthly chart as classic level to estimate pull back of the trend. SInce those levels got reached - MACD divergence did the job. MACD divergence is the beginning and the end of every trend. I will dissect this setup on weekly and daily TF and, as a reason that I think USD will drop further from the fundamental aspect - it is important for bullish reversals in USD counterparts. The key levels and harmonic pattern that might get filled are on the chart.
Comment:
This is long term setup. Harmonic pattern ( bullish shark ) is very clear on weekly TF. It is important to get close below 93.26 and 91.92 on daily TF which might lead to further swift drop. MACD bearish divergence is obvious and in play.

When discussing bullish shark pattern it is clear that 1.61 Fib ext CB is higher than 88.6 XA and comes right to the breakout level. This is reason why I think that price might reverse from here or stop here at ¬ 84.56.
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