IFTrees

5/10000, 15/12/2022, Trading Dairy

TVC:DXY   U.S. Dollar Index
1. DXY
For DXY market,area F is the core of the current market. Although the hawkish style of yesterday's speech was obvious, it did not have a decisive impact on the market trend, and the price rebound was still at a low level.
If the price rebound cannot return to the F area, the trend prediction of A cannot be established, and the market is still the trend B dominated by short positions. Any high price point can become an entry opportunity to sell and open short in the B trend
When the F2 area is generated, if the energy is greater than the F1 area, the downward trend of DXY will continue to expand

2. BTC
The price of BTC falls back immediately after breaking through the pressure level. Whether the price will drop below the g-line is the key criterion for judging. If the price falls below the g-line and rebounds again without exceeding the previous high, any high price is an opportunity to increase short positions

At the same time, because yesterday's rebound top broke through the long-term pressure level, leading to the expansion of the central price area, and the possibility of another sharp drop in the long-term cycle, forming a new F area

3. SPX
The decline came as promised, and it is still oscillating in the G area. Both the P and S lines are key price positions, which determine whether the trend will proceed according to A or B
In the daily cycle, the price cannot return to the F area, and the trend of further expansion of the downward trend is obvious, and there is a great opportunity to go out of the C market

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.