Elemont

DXY FORECAST

Short
TVC:DXY   U.S. Dollar Index
dxy
Potential Head & Shoulders (or 'M' formation) Pattern on the Daily if it forms the final leg down soon. It's nearing the top of a flag pattern which is structured to break lower rather than higher so we believe there's more probability that price will reverse. However, if price breaks above we target the next major resistance point.

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