Tonyb83

DXY Wyckoff Distribution Schematic

Short
TVC:DXY   U.S. Dollar Index
I believe dxy over the next several months will be starting a downtrend. We may break a bit higher up to 100$, but I believe long term we're dumping over the next several months. If that's the case we would be in phase c right now. I'm not actually taking a trade this is just an analysis. Appears to me we're in a textbook distribution.

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.