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FrancesMarie
Dec 31, 2022 3:49 AM

$DXY Butterfly  Long

U.S. Dollar Currency IndexTVC

Description

DXY Flashing a clean butterfly, With a 4 hour inside bar off the 1.272 trigger. This breaks down below 1.414 stocks can rally. However if it breaks up expect lower on indices. (DXY has a inverse correlation to indices) We know the butterfly patterns tend to put in bottoms and start rallies. See targets highlighted @ 382 & 618 and lastly top of pattern.

Comment

TP 1 & @ Clean bounce not done imo, Look at NQ & ES, inverse in effect
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