TVC:DXY   U.S. Dollar Index
Bulltrap soon then sharp sellof

-dxy will pump from the white box and start a bulltrap.

scenario

1) retrace to the golden fib pocket ( blue line )
2) tap the previous ATH from 2001 ( yellow line 121)

after that sharp sellof to sub 90 (green circle)


*when the Bulltrap is finished and the it starts crashing the markets will pump hard!

*the 2022 top hit the 1.618 so i think we make a higher high and tap the 121zone, but let's see how it plays out
Trade active:
Dipped almost1% below my reverse point but had a strong rection to the upside.
DXY to the moon!
i'll update later
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.