WallStScalper
Long

Dollar "Drive" higher

INDEX:DXY   US DOLLAR CURRENCY INDEX
3 drive to a bottom

I see a harmonic pattern which should reach target 1 and 2.

I do not find them as reliable as the other harmonic patterns but as long as
the yellow "line in the sand is respected it stays a valid pattern.

Fear not .... believe in what you see and trade it
@BLawrenceM

Music at work:
https://www.youtube.com/watch?v=xQN7A6Vl1H4
https://open.spotify.com/track/6lZ8EsBaxGW2iHVG16QLuJ

Twitter for quick intraday updates @BLawrenceM


As always, the market closed at a decision point. Either find resistance here as before, pr make a ABCD


Reply
KevinT KevinT
ABCD seems more likely
Reply
Wasn't it lovely. I expect pull back.

https://www.mql5.com/en/charts/3458567/dollarindex-h1-safecap-investments-ltd
Reply
To the penny Yes...a really nice wolf wave
Reply
KevinT WallStScalper
LOL! Look how it retest target 1 and went straight to target 2.
Those algo mofo's.
Reply
A different instrument (CFD/future) even shows a bullish wolf wave in development

https://www.mql5.com/en/charts/3448528/dollarindex-h4-safecap-investments-ltd
Reply
Thanks for your chart! Yes and I have several indicators telling me we should see a bounce here... I think we will, but confirmation is everything and with a bullish crab setting up .... I'm sure we will. We just need spo see that bottom in.
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