Jopendus
Long

Market Maker Profile on the Dollar

INDEX:DXY   U.S. Dollar Index
120 3 0
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.
AlbCM
2 months ago
time-wise, yes, it should top by June'18, but how did you get 114?
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Jopendus PRO AlbCM
2 months ago
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.
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AlbCM Jopendus
2 months ago
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
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