Get started
ergal91

DXY bearish case scenario.

Short
U.S. Dollar Index (TVC:DXY)  
ergal91  
TVC:DXY   U.S. Dollar Index
Trend Analysis Chart Patterns Technical Indicators DXY dollar dollarindex dollar_index dxyshort dollarshort dollarbearish
7
3
trendanalysis chartpattern indicator dxy dollar dollarindex dollar_index dxyshort dollarshort dollarbearish
I have published my bullish case scenario for DXY in my previous analysis. Now I'm looking at 4h and 8h timeframe and noticed M pattern with bearish divergence in 4h and rising wedge + double top with double top with bearish divergence. If this scenario plays out, it means as I mentioned in my previous analysis BTC bottomed at 17.5K on 18.06.2022 and starts its rally and last 5th wave.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.