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lauralea

ABC Bullish

U.S. Dollar Index (TVC:DXY)  
lauralea Updated   
TVC:DXY   U.S. Dollar Index
Harmonic Patterns Chart Patterns
11
3
harmonicpatterns chartpattern
This now lines up with an ABC bullish pattern IF C holds.
If one were to go long, many would place a stop under C.

Steep climb up but I am just noting price hit C and the target would be D.
C is just above the .382 of the trend up.

No recommendation/If price goes too far below C, this pattern failed which does happen.
Comment:
A Doji at Support/a candle of indecision but can signal a reversal. Not always. Several spinning tops or Dojis should be enough to make one scratch their head
Folks are not sure of their next move (spinning tops and Dojis) which can spell trouble for the current trend.
In this case the current trend was Down.
Comment:
Price has fallen below C as the market continues to rally
snapshot
Comment:
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