FibsNProfits

What's next for Dollar Index

Long
TVC:DXY   U.S. Dollar Index
The DXY has been melting for several weeks. Finally, signs of Accumulation began to create a clear schematic. DXY created a spring and has Broken Structure to confirm the C Phase of Accumulation. I am anticipating the week to start bearish on the Dollar to re-test a supply zone, specifically in the 15m time frame where there is a clear institutional candle that requires mitigation. Once the supply zone is tested, I see targets for the dollar at the clear equal highs where liquidity rests. I do see this schematic to be short lived, potentially only into the 94.60 area, before continuing the bearish trend.

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