📉 The Dollar Index is forming a falling wedge, a classic reversal pattern.
🔹 Price is approaching the upper trendline resistance (point E).
🔹 Expect a potential pullback toward the support zone (highlighted in blue).
🔹 Pattern repeats: After E, a corrective dip is likely before the next move.
✅ Key Points:
Falling wedge usually signals trend reversal or continuation.
Watch for breakout confirmation above resistance for bullish continuation.
Current focus: resistance zone near 98–98.2, then potential drop to 96–97 support.
💡 Lesson: Patience pays — wait for clear rejection or breakout before trading this setup.
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🔹 Price is approaching the upper trendline resistance (point E).
🔹 Expect a potential pullback toward the support zone (highlighted in blue).
🔹 Pattern repeats: After E, a corrective dip is likely before the next move.
✅ Key Points:
Falling wedge usually signals trend reversal or continuation.
Watch for breakout confirmation above resistance for bullish continuation.
Current focus: resistance zone near 98–98.2, then potential drop to 96–97 support.
💡 Lesson: Patience pays — wait for clear rejection or breakout before trading this setup.
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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.
Related publications
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.