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SchalkLouw

Possible Bearish Flag forming

Short
U.S. Dollar Index (TVC:DXY)  
SchalkLouw  
TVC:DXY   U.S. Dollar Index
Trend Analysis Chart Patterns Technical Indicators
2
6
trendanalysis chartpattern indicator
The technical term of the day: Bearish Flag Pattern

$DXY
1. Preceding downtrend (flag pole)
2. Upward sloping consolidation (bear flag)
3. Retracement
4. Top of flag or breakout below low of lower channel
5. Look for prices to break lower with length equal to size of flag pole
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