A H&S pattern forming on the daily timeframe and it looks like it has broken the neckline of it. Potential short opportunity could come in when it retests the support-turned-resistance neckline. First target would be the recent low at around 91.09
Has also completed the minimum 3-wave structure for a correction wave. Expecting another impulse move to the downside soon.
Has also completed the minimum 3-wave structure for a correction wave. Expecting another impulse move to the downside soon.
Comment:
Updated idea on DXY here:
Comment:
Wow, how much 1+ month could change DXY. After breaking support, price went on to almost hit the extended 23.6% fib level @ 88.08
We might see a pullback in this week.
We might see a pullback in this week.
