krugman25
Short

DXY - Bearish pattern forming off of key resistance level

TVC:DXY   U.S. Dollar Currency Index
A large bearish pinbar is currently forming off of a key resistance level . Keep in mind that there are a few hours left in the market so this pattern will not be confirmed until it has fully formed as a bearish pinbar and today's candle has officially closed. If the candle does close the day as a bearish pinbar then we could see price rotate lower over the next few weeks. If the candle closes as a bullish candlestick , there is still opportunity for a new bearish pattern to form but we could see price rotate even higher towards the 97 range. How today's candlestick finishes forming will tell us a lot.
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