$DXY -Wave 'B' Completed

U.S. Dollar Currency IndexTVC

Description

⋅ Jun 12, 2023 9:42 AM

- It seems TVC:DXY found temporary Support
on the Bullish Cross Over in the last Week,
by testing it thrice and jumping around.

Concerning is the Change of Character (CHoCH) in Wave A
of A-B-C correction ;
by violating the last
Higher High of 103.3 (where fibb is taken).
However, this may only be a small issue regarding
Higher Time Frames Uptrend.

Zones to watch the weekk ahead for TVC:DXY;

- Support to hold at 103.3 ;
(1 Fibb' level + S/R + EMA's Area

- Wave B Continuation completion after Impulsive Wave A
*Resistance at 0.618 Fibb's Golden Zone
(or a bit Higher zooming in on Smaller TF Order Block)

- Wave C continuation putting TVC:DXY @ 102.6 fibb level and trendline

Comment

⋅ Jun 12, 2023 9:54 AM

*2HR BoS
1hr left to candlestick close for more confirmation

Wave A lows TEST
Wave B Lower High TEST