DXY has printed a topping candle at my fib target so I'm confident it has now topped. Its not impossible that the top will be challenged correctively but ultimately its heading lower from here.
Plenty of bearish divergence on the weekly chart is congruent with this bias.
That completes another 5 waves up for DXY.
And as it is a 1:1.618 this may well be a primary wave 3 that can see a wave 5 hit the 2.618 @ $117 + overshoot.
This top whether retracement or major should breather life into stock and crypto markets that are already breaking out.
It also should be a good moment fair finding currency pairs trading against the dollar.
Not advice.
Plenty of bearish divergence on the weekly chart is congruent with this bias.
That completes another 5 waves up for DXY.
And as it is a 1:1.618 this may well be a primary wave 3 that can see a wave 5 hit the 2.618 @ $117 + overshoot.
This top whether retracement or major should breather life into stock and crypto markets that are already breaking out.
It also should be a good moment fair finding currency pairs trading against the dollar.
Not advice.
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