DXY bull trap initiated, Astrological Phenomena Cycle rejection
The DXY is a great representative of the major aggregate traded currency pairs - it's the SPY of your Dollar pairs.
As a Gannyst, I know price does not matter - time does. And today is the culmination of multiple time cycles.
1. Once a year Pluto is 180-degrees from the Sun, these are often market highs/lows and/or important swing highs and lows.
2. A New Moon Phase begins - this is a big deal because not only does the New Moon Phase coincide with the Pluto-Sun aspect, but New Moons are usually indicative of strong bearish pressure over the next 15-16 days, especially if the DXY is at a swing high.
3. Jupiter exited it's retrograde cycle on the 10th of June.
4. Gann's 144 day cycle completed today - POWERFUL reversal when in a trend.
5. Gann talked about July 15th - July 21st being a time period where you can see yearly highs and lows being found and market reversing.
6. Not drawn is the .882 Fib level that price was rejected at.
Expect a violent drive lower over a 90-day period. In fact, ALL trending market will experience a violent reversal.
As a Gannyst, I know price does not matter - time does. And today is the culmination of multiple time cycles.
1. Once a year Pluto is 180-degrees from the Sun, these are often market highs/lows and/or important swing highs and lows.
2. A New Moon Phase begins - this is a big deal because not only does the New Moon Phase coincide with the Pluto-Sun aspect, but New Moons are usually indicative of strong bearish pressure over the next 15-16 days, especially if the DXY is at a swing high.
3. Jupiter exited it's retrograde cycle on the 10th of June.
4. Gann's 144 day cycle completed today - POWERFUL reversal when in a trend.
5. Gann talked about July 15th - July 21st being a time period where you can see yearly highs and lows being found and market reversing.
6. Not drawn is the .882 Fib level that price was rejected at.
Expect a violent drive lower over a 90-day period. In fact, ALL trending market will experience a violent reversal.
Comment:
At the time of writing this idea (1024 CST), DXY continued to drop and show extreme weakness from the over-extended bullish condition that make up this currency basket.
Comment:
USDJPY bearish Gartley completed
Comment:
False break higher, further rejection on the Gann angle in the Square of 144.
Trade active:
Bull trap continuing to pay off, further downside expected.
