ICEUS:DXY   U.S. Dollar Currency Index
DXY is printing an ABC correction after getting rejected from the longterm channel's resistance.

DXY has printed the B leg after getting rejected by the 0.5 fib extension confluent with the 0.236 fib.

The measured move of the C leg is 108.

The CCI is in a downward trend.

BTC is correlating negatively with DXY and ABC correction will reach 21k on BTC. The same estimate as in my BTC idea below.

Related Ideas

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.