Andre_Cardoso

(4h) Dxy between Monthly Fractals

Andre_Cardoso Updated   
TVC:DXY   U.S. Dollar Index
DXY

Weekly and daily fractal resistances positioned at 97.44 with support at 96.67;
Targets for the eventual inverted head and shoulders at 99.14;
Bearish shark patterns projected at the default fib extensions, between the 161.8% and 224% fib levels, with the 224% projected right at the monthly fractal resistance, forming another symmetrical behavior, very similar to the previous bearish momentum between the left shoulder and the head.

Breaking below the most recent structure and fractal support at 96.67 will increase the probability to keep trading even lower.
Projected at 96.04, the default bullish bat pattern at 88% fib, the alt-bat pattern at 113% fib a couple of points below the previous lows at 95.62 and the bullish crab pattern extended at 161.8% fib at 94.76.


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