Head & Shoulders in formation - DXY Short

U.S. Dollar Currency IndexTVC

Description

⋅ Oct 2, 2018 11:47 AM

A H&S pattern is forming on the D1 timeframe on DXY. This also coincides with a possible Elliott Wave count as shown on the chart.

Entry will be after some confirmation of B wave being complete (aggressive), or after break & retest of the neckline (conservative).

Comment

⋅ Oct 13, 2018 6:17 PM

Top of right shoulder may have been completed. Nevertheless I expect a choppy downtrend. A final higher high is also a possibility).

Chart Patterns Wave Analysis