Megaphone pattern on its fifth wave

TVC:DXY   U.S. Dollar Currency Index
Based on this pattern I think we might first see a move to the upside towards 96.600-97.000 area for a retest and there we have a good shorting opportunity with a stop behind 97.800 and the targets are:

tp1 95.400
tp2 94.600
tp3 93.200

final taregt 92.000


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.