The DXY Chart is showing a strong inclination toward a Head and Shoulders pattern that may very well occur if there is enough bearish sentimentality.
This is the first Index chart, more details to follow.
Best,
Comment
⋅
Although the completion of HS is imminent (93.2 level for S), there is also an emergence of an Ascending Wedge on the 4h chart. Typically bearish pattern.
Trade closed: stop reached
⋅
Broadening Wedge of the 4h chart successfully played out and passed 93.2 level.
Stop Loss triggered - HS pattern invalidated - broadening wedge in play