thoughts about where the DXY could be heading, stocks & btc
Where is the DXY heading ?
This is the question that's in everyone's mind, so here are some quick thoughts.
After a solid .618 X .618 touch, the DXY fell to 90 which is the 0.5 gann box level and the 1.618 from both previous impulses.
So far it is finding support here but if it falls a bit lower I can see it at ~86-85 fueling another major bullish leg on stocks and crypto currencies like BTC.
However finding support here could signify a top or an area that's very close to the top if it starts reversing because I only see the neckline at 94 as a stopping point next.
It could as well just hover in between 91-89 for an extended period of time before the next gann seasonal date hits.
These are just quick thoughts and I actually didn't spend much time on FA and TA, but that's what I'm seeing in the chart.
Disclaimer : The contents I posted here on this site are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. I can't promise that the information shared on my posts is appropriate for you or anyone else.
This is the question that's in everyone's mind, so here are some quick thoughts.
After a solid .618 X .618 touch, the DXY fell to 90 which is the 0.5 gann box level and the 1.618 from both previous impulses.
So far it is finding support here but if it falls a bit lower I can see it at ~86-85 fueling another major bullish leg on stocks and crypto currencies like BTC.
However finding support here could signify a top or an area that's very close to the top if it starts reversing because I only see the neckline at 94 as a stopping point next.
It could as well just hover in between 91-89 for an extended period of time before the next gann seasonal date hits.
These are just quick thoughts and I actually didn't spend much time on FA and TA, but that's what I'm seeing in the chart.
Disclaimer : The contents I posted here on this site are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. I can't promise that the information shared on my posts is appropriate for you or anyone else.
To get access to any of my scripts feel free to visit my website :
gannbox.com
you can also contact me on Twitter :
twitter.com/Nasser_Humood
Or through TradingView's direct messages.
gannbox.com
you can also contact me on Twitter :
twitter.com/Nasser_Humood
Or through TradingView's direct messages.