DXY / WEEKLY LONG / RSI DIVERGENCE, FALLING WEDGE + B/BUTTERFLY
This has lined up perfectly, as beautiful as clock work.
We've seen this very similar set up back in early January of 2018 which was the spark that caused the highs of March 2020.
I've posted a trail of posts leading to this point & I finally believe that we have found bottom and will see up from here.
This is in a falling triangle which began building from March. The bullish RSI divergence indicates that we should be seeing some long work which should lead to a break up out of the triangle and on to the profit targets indicated using the harmonic butterfly.
This also falls in well with my opinion that the stock markets are due a correction very soon which usually gives rise in the DXY.
Like anything in this world, it's not as obvious as it seems. Sometimes everything you now indicates TRUTH, but a lot of the time it's not the case.
STAY CAUTIOUS!
Wish you all a Merry Christmas!
Stay away from the news & enjoy the remainder of what has been a eye opening year.
We've seen this very similar set up back in early January of 2018 which was the spark that caused the highs of March 2020.
I've posted a trail of posts leading to this point & I finally believe that we have found bottom and will see up from here.
This is in a falling triangle which began building from March. The bullish RSI divergence indicates that we should be seeing some long work which should lead to a break up out of the triangle and on to the profit targets indicated using the harmonic butterfly.
This also falls in well with my opinion that the stock markets are due a correction very soon which usually gives rise in the DXY.
Like anything in this world, it's not as obvious as it seems. Sometimes everything you now indicates TRUTH, but a lot of the time it's not the case.
STAY CAUTIOUS!
Wish you all a Merry Christmas!
Stay away from the news & enjoy the remainder of what has been a eye opening year.
Trade closed: target reached:
This worked out very well (chart is not as pretty seeing as I only just started posting back then)