LADEEc57

Emergence of Tree Stump Bearish Formation

Short
INDEX:DXY   US DOLLAR CURRENCY INDEX
6
DXY On the weekly time horizon, US dollar index forming a tree stump pattern formation indicating a bearish signal price drop expectancy of 0.80 from current levels. Failure to hold above intermediate support levels of 0.9114, could signal a dramatic pullback towards the 80's similar to 2012 levels. Fair warning to leveraged traders...

Disclaimer

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.