khalil864
Long

Three Drives and the HEAD AND SHOULDERS

TVC:DXY   U.S. Dollar Currency Index
Combining the two patterns of the Three Drives and the HEAD AND SHOULDERS in the daily framing timing, we will see that the downside of the Dollar Index will soon reverse and will go upside down.
Agree with you on that, I am more towards the bullish side if support at 93.7/94 holds :
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@FXTM,
Thank you for your comment. As you can see in the picture, the correctional wave is incomplete at the time frame of the daily, and it is my opinion that this wave is completed at 61.8 Fibonacci Nachi. (Blue rectangle), then it is necessary to return the price ascending, until the wave is completed, then the price will take the final shape. Patterns are also confirmed for this.
Image link:
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