faylee

DXY bounce for Wave B

Short
faylee Updated   
TVC:DXY   U.S. Dollar Index
dxy
Watch Resistance 101.4-102
If go U turn from here, potential KC pattern tg also aim at 97.4
If 101.4 holds, will retrace deep tg: 98-97.4
Comment:
IHS pattern in hours chart, already broke out the neckline, heading tg:102ish
Comment:
Daily chart looks like will move in two possible way:
Comment:
Monthly chart updated for the next 10yrs
Comment:
It moved to 102 as expected, will KC pattern effect as well?
tg:98
Let's see
Comment:
This analysis was posted nearly 3 month ago, now it is moving like that.
Here I update the chart:
Daily chart, supported at $99 level temporarily, KC pattern target:$97.5, channel bottom confluence fibo tg 97 exit. Need news to push the price breaking $99. New low estimated on May 11 or May 12.
Comment:
1H chart update: Finally it reached $96.8, likely will bounce for wave 4, possible wave 5 tg is $95.5
Comment:
4H chart update:
The bounce was rejected by$97.5 currently, likely going to test $96.4 in short term
Comment:
Monthly chart:
indicators bearish div.support level at $95, once broke, will see $92 again
Comment:
4H chart update:
AB=CD completed and ready to go u-turn for tg:$96.4 and $95.6
Comment:
1H chart update:
the bounce was blocked by wedge,and continue to drop
Month chart:
Today month closing, hopefully in Three black crows
Comment:
1H chart update:
Diving to next tg:$96.3
Comment:
Daily chart update:
Going to hit $95.5,then bounce and swing. After that, will choose the direction.
Comment:
4H chart update:
very close to the bottom
Comment:
update 4H chart: still need a drop
Comment:
4H chart update: so far it's a bounce to test the ceiling of channel:
Comment:
4H chart update:
on its way home:)
Comment:
Comment:
Daily chart update:
Seems like wave 3 hasnot finished,there could be more rooms to drop:
Comment:
4H chart update:
MACD & RSI bearish div.in place.
Comment:
Daily chart update:
Wave iii not yet finished, retracement likely already done at 97.85, short for tg:$96-95.5
Comment:
4H chart update:
moving on its way as stated in last updates
Comment:
daily chart update: we're moving towards wave iii tg:$95.55
Trade closed: target reached:
4H chart update:DXY hit 95.68very close to our wave iii tg:$95.55. short term likely bounce to $96.3x then continue to test the bottom again.
Comment:
wave 3 tg$95.5 approached
Comment:
4H chart update:
see double bottom, will have some correction to $97.2
Comment:
4H chart update:
The five wave structure of Wave III seems completed. will see some bounce for Wave IV. tg:96.2-97
Comment:
4H chart update: going to hit 93.7
Comment:
4H chart update: This is a retracement wave IV, will bounce to $95-95.5
Comment:
4H chart update:
It's extremely bearish trending, wave v has one extension wave, then,still possible to see one more wave down to $92.9-92.8
Comment:
4H chart update: wave 5 heading tg:$92.8 exit
Comment:
today's new low is 92.88, almost approach our tg 92.8
Comment:
92.8 reached perfectly!! let it bounce
Comment:
4H chart update:
Likely test 92.6-92.7, then bounce, Wave iii bottom not yet confirmed.
Comment:
1H chart update:
short term likely will test bottom again, once broke, could drop to 92.5-92.3
Comment:
4H chart update:
We'll see some correction for wave 4 targeting at $93.5-94,then continue to drop for wave 5
Comment:
1H chart update:
it seems no power to move up, NFP likely retrace 92.85 and go down to 92.3
Comment:
1H chart update:
retrace $94.25-94.27 go u turn
Comment:
1H chart update:
very close to the tg:94.25,short term likely will retrace 93.6 go u turn
Comment:
4H chart update:
mid term down trend, short term swing in range $93.3-94.3
Trade closed: stop reached:
4H chart update:
Broke out the channel, once bo $93, will further drop to $91.43-91.3
Comment:
4H chart update:
Wave 5 heading tg:$91.38

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.