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lauralea
Nov 26, 2022 7:12 PM

ABC Bullish 

U.S. Dollar Currency IndexTVC

Description

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

Comment

Comments
wolffarchitecture
thank you for your perspective
lauralea
lauralea
@wolffarchitecture, This has pierced C so I would look at targets for the ARC. The crazy market is definitely hurting DXY I think )o:
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