DXY - 11Mar2022
On the H4, price action is still indicating complex correction of wave count of (5)-(IV) taking place. It dropped to major 1st Support at 97.780 where price met huge on the back of US CPI release. Price is still in minor Wave (IV)-(b) formation where it is expected to bounce and face bearish pressure from 1st Resistance at 98.820
This is for personal record purposes only, not financial advise or solicitation of trade.
On the H4, price action is still indicating complex correction of wave count of (5)-(IV) taking place. It dropped to major 1st Support at 97.780 where price met huge on the back of US CPI release. Price is still in minor Wave (IV)-(b) formation where it is expected to bounce and face bearish pressure from 1st Resistance at 98.820
This is for personal record purposes only, not financial advise or solicitation of trade.