Lots of high volatility chop here back and forth through resistance.
Its been a big run for DXY and it may go higher but if the chop continues through resistance then this is probably a top.
And to be clear that can become a retracement for another wave higher potentially.
If it does rock back it should get back to the log 0.382 @ $99.
But it could also go much lower depending on whether DXY is hitting a major top or not.
If it does fall likely there will be a stock and crypto rally.
Not advice.
Its been a big run for DXY and it may go higher but if the chop continues through resistance then this is probably a top.
And to be clear that can become a retracement for another wave higher potentially.
If it does rock back it should get back to the log 0.382 @ $99.
But it could also go much lower depending on whether DXY is hitting a major top or not.
If it does fall likely there will be a stock and crypto rally.
Not advice.
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