TradingView
NeverNO
Sep 18, 2022 3:57 PM

DXY Short

U.S. Dollar Currency IndexTVC

Description

Be careful shorting the EURUSD and all stock indexes as it is possible that DXY - after wave 5 completed - has started abc correction and next week it should be confirmed if (b) is already completed or goes a little higher.
After that, (c) may fall to 105.15-09 which could push EURUSD higher.
One of the 2 paths (dotted or dashed) could apply to (c).
Remark:
In case of overshoot, DXY could still target 111.31 where it faces strong resistance zone between 111.31-111.93.
First clear confirmation of falling prices would be close below 108.973 on a weekly basis.

Comment

Monthly
The October high could be the (b) and the low the (c) and that means the A or the 1 would be established at the October low.
After that it becomes easier to label the following waves and to detect the price marks.

Comment

Comments
CoinWhiz353
DXY is out of upper chart lol
Mikhiavelli
Great Idea!
NeverNO
@Mikhiavelli, Thank you friend
MDiaBFX1000
I see EUR/CAD sneaky moving higher .. EUR/USD may follow soon
NeverNO
@MDiaBFX1000, EURUSD: Not before September 26 or the beginning of October.
More