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FiboSwanny
Oct 28, 2022 4:13 PM

$DXY hitting shallow fib short spot.. Short

U.S. Dollar Currency IndexTVC

Description

... see how it plays out.

could get interesting.

Fibo.
Comments
mdg_sys
@FiboSwanny Do you have any tips on identifying the bull and bear zones within the RSI? Starting your fib where you did vs where most people would start it obviously changes the .382 a good amount and the current resistance wouldn't align as you show it. Said another way, I know you see that fib starting point a change in market sentiment, but from a technical perspective I don't understand the 42 and 65 horizontals you have on your RSI.

Hopefully that makes sense! Thanks in advance!
gvbreda
@mdg_sys, I too am interested in his general method for determining these levels. From what I can see, he has different horizontals depending on the ticker.
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