TVC:DXY   U.S. Dollar Index
8. 1. 22 This is a possible long trade and oil with a small stop. Sometimes these reversal patterns Are essentially "Hurry up and wait" trades because they take you to a good trade location, but they don't always generate buying tails Or a clear trigger to take the trade. I'm a little hesitant to suggest this trade because this is not an overbought or oversold market. The market is trading to patterns, and that always has higher risk then markets that are tremendously oversold, and more likely to have a brisk move higher off the bottom. Be sure to take a look at how I used the ABCD tool.
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