jindrake
Short

POSSIBLE DXY COLLAPSE

TVC:DXY   The U.S. Dollar Index
DXY pressuring high numbers around 101, can't go much further, will expect a crash by late Nov. early Dec.
just curious (since I have yet to learn the bat or gartley method) what determines the expected upward or downward direction? Thanks in advance!
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jindrake Lord_Snow
@TorinVanderpool, certain levels of support and resistance have a high influence on trading pairs and charts. the larger the timeframe also plays a role in how accurate your readings are!
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@jindrake, Interesting! So if it appears the right wing top is forming near a resistance level then there is a potential for some downside? On another note, I haven't traded for too long, but I have never seen movement like the DXY currently. Impressive, not so much for a gold bull like me, but impressive nontheless!
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