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yupyupyup

You'd short before a .618 retrace level?

U.S. Dollar Index (TVC:DXY)  
yupyupyup  
TVC:DXY   U.S. Dollar Index
Trend Analysis Harmonic Patterns Chart Patterns DXY
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trendanalysis harmonicpatterns chartpattern dxy
I get that it's over extended on monthly EMA's....but look at the MACD breaking out now of that resistance line. If the DXY has bottomed.....then wouldn't it make sense to test the .618 retrace BEFORE GOING TO NEW LOWS?????

That's generally how assets behave....Bulls on DXY are targeting the .618 for sure.

Good luck DXY bears!
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