848evo
Long

DXY Analysis Chart 10-14-16

TVC:DXY   US Dollar Currency Index
58 0 3
A lot of people seem to think DXY             is oversold, let me show you why it's not. This is a continuation of my previous DXY             chart I posted with some new TA additions. We are seeing the AB=CD pattern on the D1 that aligns perfectly with the 1.618 fib as well as a strong resistance line. We going up up up.
Comment: Looks like this scenario is playing out nicely, should go up to the 1.618 and then reverse down.
Comment: DXY is just bouncing off the upper channel for a retrace, but we should see PA continue up shortly to hit the 1.618.
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