Dxy

The DXY after Yesterdays drop in support bounce off of 104.4, confirmed the support trend line of a rising wedge that we have been talking about here since last week. The inflation data that came out gave the dXY. Just enough juice the poke it’s head outside of the rising wedge However we have now broken down from the rising wedge. The target of a rising wedge is the bottom of the wedge and my yellow line of 102.9 roughly could be the area or the XY to actually find a bounce, or lower at the 102.6. Overall this will be bullish for stocks and crypto as long as this continues down. I also noticed that on the weekly, The most recent price push up, got a rejection from the 21 EMA crossing down on the 50 ema. This is something to also think about as with stocks and BTC, most of the space has a 21 and 50 EMA underneath the support with the 200ems or 100 ema above l. This is just food for thought, but in my opinion if we have Shorter-term Ema below all the price action pushing up on it it could have a more positive outcome than the opposite like the Dxy.

Anyways this will be a big momentum for all stocks and crypto as DXY falls back to 102.9-102.6 to see the reaction. If we contiue to fall lower, this can give more bullish outcome in those assets