Majani
Long

A BULLISH GARTLEY HARMONIC PATTERN AT SUPPORT ZONE ON THE DXY

TVC:DXY   U.S. Dollar Currency Index
A GARTLEY SET UP JUST COMPLETED AND PRICE MANAGED TO REACT THE RIGHT WAY BY GOING UP. HOWEVER IT ONLY WENT AS FAR AS THE FALLING RESISTANCE OF THE TRIANGLE AND IS NOW CONSOLIDATING AT THIS LEVEL. IF WE MANAGE TO BREAK THIS RESISTANCE, I EXPECT THE DOLLAR INDEX TO RALLY UP FROM THIS RESISTANCE TURNED SUPPORT AFTER A RETEST.

SECOND SCENARIO: IF WE FAIL TO BREAK THIS RESISTANCE, I EXPECT THE INDEX TO BOUNCE FROM THE TRIANGLE SUPPORT TO EVENTUALLY BREAK THROUGH THE RESISTANCE.
Comment: PRICE HAS MANAGED TO HAVE A DAILY CLOSE OUT OF THE FALLING RESISTANCE. LETS SEE IF WE CAN GET A BIG MOVE UP
Trade active: SOME CONSOLIDATION. THE FALLING RESISTANCE TURNED SUPPORT IS HOLDING. HOPING FOR A BIG MOVE UP. LETS WAIT AND SEE :)
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