SkyTrees

DXY 1HR CHART - CUP *& HANDLE FORMATION

Long
SkyTrees Updated   
TVC:DXY   U.S. Dollar Index
Hey guys. Just a heads up!

Looks like a cup & handle pattern is forming - keep this in mind when considering your potential trading options.
Comment:
Trade active:
It has broken out as expected. We might see a retrace to test the top of the cup before shooting off again. I think we've seen the ABC reversal which will now send DXY into a new bullish elliot impulsive wave -
Trade active:
Has confirmed support and has taken off again - As expected -
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.