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Erictaylor
Feb 24, 2023 1:29 PM

Dxy  

U.S. Dollar Currency IndexTVC

Description

Broke out from downtrendinf reistance. Has been doing pretty good mometum. Could be a rising wedge here. This most recent pump hasn’t rejected yet but perfectly touched my risinf reistance line. If we can get rejected and break to the down side we have to lose 104.6 which to me was previous support flipped to resistance but could be trying to get reclaimed. I’m not to confident this will not contiue rippin but possibly the inflation data could get this started to the down side? I am bias Becuase I want it to go down but I do see the strength…. So this could be bad for overal markets if this contiues up
Comments
ROI_Crypto
that's the oroblem with bias....
Erictaylor
@ROI_Crypto I agree
Erictaylor
@ROI_Crypto still could of been a fake breakout of risinf wedge idea. Howver I do see 104.5-104.6 as previous reistance flipping to support.
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