DXY 4.5 years cycle

INDEX:DXY   U.S. Dollar Index
427 14 6
A cycle may not always repeat. As far as I know, they should not be the buy and sell signal.
I see an Inverse H & S forming in your chart. This move has legs.
+1 Reply
DanV MOD sammantic
Not sure if is it specifically inverse H&S. However, assuming it might be, have you pondered on what happens if the H&S fails to confirm?
seine DanV
Can you show where the inverse head and shoulder is? I don't think I can see it.
Me too, i just can't see it
DanV MOD jangseohee
There is a sort of H&S with very loose interpretation. However, for now it remains unconfirmed till we breakout above current resistance level. If that fails or breakout and fall back with in the zone it is likely that that pattern will fail and outcome could be surprising decline of DXY
Correct. Also folks take cycle period measures fro HL or LH. However, they often alternate ie one cycle could be HH and another cycle could be LH or LL. Many fail to take that into consideration too.
+1 Reply
DanV MOD jangseohee
Interesting chart, Thanks for sharing. Not sure why you have projected strength in DXY to 2019-17. How do you measure or relate these swings to previous ones? are they related by Fib or some other means?
Nope the analysis is just by the symmetrical number of years for ups and downs assuming that price move at 45 degree.. but bcoz it rise so much so fast, the symmetry is somehow destroy :-)
DanV MOD jangseohee
OK that explains it. Time symmetry is important though often not by 100% relationship. Like price they also can be other combinations too. Hence, unless that is taken into account this could prove misleading I feel. But I understand I could be completely wrong on this. Thanks for your answer.
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