Jopendus
Long

Market Maker Profile on the Dollar

INDEX:DXY   U.S. Dollar Index
211 3 1
I don't know how to explain whatever role the "market maker" has in this situation but it matches the profile well and has played out the whole profile the last time it went up. Using that measured move technique or harmonics or whatever you call it, a second move up of the same proportion would put it at around 114 where it would top. I'm imagining this as being inverse to the stock market dumping possibly, and it going up as a safe haven migration because stuff starts tanking. It also broke out relative to those two previous tops for what thats worth.
Comment: Believe me or not but I drew that squiggle back as it was breaking out. I think it is winding up for a big move higher to what I anticipate as being the distribution phase.
snapshot
Comment: Im thinking we might have a stop run here.
snapshot
time-wise, yes, it should top by June'18, but how did you get 114?
Reply
just as a clone of the breakout leg using the .382 as a rough anchor to define the bottom of the consolidation range, I notice things happen in pairs a lot, like the previous rise in 2000. It's a rough target.
Reply
AlbCM Jopendus
would you clarify more? I agree that 2000 looks very similar and also that the top should be lower than the previous highs of 121 but can't get anything lower than 116
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out