samitrading

DXY's D.Cross suggesting more down + text book daily channel

samitrading Updated   
TVC:DXY   U.S. Dollar Index
statistic wise + possible double top formation. Elliott wave is suggesting that we are close to a reversal. the question is when & where.

wish you all the best.
Comment:
Still flirting with March's low upper channel !! Slowly going down, waiting for something to happen. Breaking 2018's bottom 88.253 is not good.
Comment:
93.xxx is the legitimate bullish target for this channel's break out, need bigger

picture to figure this out.
Comment:
Comparing 2017's top and 2020's top is probably the key for the whole thing here they look very much a like !!!

I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.

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