DXY is at a critical point
And what DXY does next will effect everything
Here we use action reaction charting as developed by Dr Alan Andrews to see why this is a critical moment for markets and the dollar
The Andrews pitchfork uses three major pivots ABC, and forms a median line from A to bisect B and C
80% of the time price returns to median line
Here i have taken the last 4 pivots on the monthly chart ABCD
I have an Andrews fork (PINK) on the ABC pivots
And a modified Schiff fork on the BCD pivots (BLUE)
We can see for the last three months price is trying to break up into the upper right quandrant formed by the two forks, if it fails it will fall into the lower right quandrant
The apex of each gives us price targets of 103 and 89
I believe it will break up
TRADE AT YOUR OWN RISK
GRI 2022
And what DXY does next will effect everything
Here we use action reaction charting as developed by Dr Alan Andrews to see why this is a critical moment for markets and the dollar
The Andrews pitchfork uses three major pivots ABC, and forms a median line from A to bisect B and C
80% of the time price returns to median line
Here i have taken the last 4 pivots on the monthly chart ABCD
I have an Andrews fork (PINK) on the ABC pivots
And a modified Schiff fork on the BCD pivots (BLUE)
We can see for the last three months price is trying to break up into the upper right quandrant formed by the two forks, if it fails it will fall into the lower right quandrant
The apex of each gives us price targets of 103 and 89
I believe it will break up
TRADE AT YOUR OWN RISK
GRI 2022
Comment:
Andrews fork off ABC
Comment:
Modified Schiff off BCD