farhadnmd

DXY Update: Double-Bottom Confirmed

Long
TVC:DXY   U.S. Dollar Index
Dollar Index supported from the main long-term support at 89, and recently broke the neckline of a huge double-bottom. The target for this double bottom pattern is around 99 which is also the projection of Elliott's "D" corrective wave; So I expect the commodities to suffer a correction for the next few months.
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