DXY attempting an inverse H&S breakout

Jul 30

Seeing a big green candle today on dxy after confirming the neckline of the inverse head and shoulders pattern as support on the previous daily candle.

Aug 8

Note

Impressive fakeout after traveling almost halfway. To the target, either that or it just isn’t in a bullish enough ARKit phase to hit 100% of a bullish chart pattern’s target. Still a chance it could break back above the neckline to reach the full target eventually but if it flips the 50ma back to solidified resistance probability starts to get higher that it won’t.