DXY H1 inverse h/s potentially shaping up

U.S. Dollar Currency IndexTVC

Description

⋅ Feb 10, 2023 3:05 AM

I have a target on the D1 of 104.50 and this H1 h/s would target that area, and retest the break of the trend line shown. 104.50 happens to tag the 200 DMA and has confluence on major charts including SPY/QQQ/GOLD/BTC with their 200 DMA underneath.

Comment

⋅ Feb 10, 2023 4:00 PM

Neckline broken, slightly lower than anticipated.

T1 - 104
T2 - 104.2
T3- 104.5

Trend Analysis Chart Patterns