DXY Inverse Cup and Handle Pattern Short

U.S. Dollar Currency IndexTVC

Description

⋅ May 7, 2023 11:19 AM

DXY index can be seen bearish after breakout of 101 zone. Also on daily time frame AB=CD harmonic pattern can be seen after breakout of 100.80 zone.

Chart Patterns Harmonic Patterns

Comments

Dukenukem128

⋅ May 7, 2023 6:40 PM

what if 101.3 is the bottom of adam and eve pattern?

fahadidrees92

⋅ May 8, 2023 8:43 AM

@Dukenukem128, thanks for your great observation. we need a trend break in downward direction to confirm the Cup and handle pattern. We can also see a formation of Harmonic AB=CD which can also be confirm on breakout. As far as adam and eve pattern it is also possible it can be also confirmed after breakout in uptrend from 102.50 region.