The upper trend line shouldn't have a point on the beginning of the data, because we don't know whether the dollar was at the top and then fell or if DXY starts mid decline. The trend line is steeper in the downward direction because we know that the dollar fell from higher than is shown at the beginning of the chart. Therefore, you are right; ultimately it will go down, but you are wrong that it will first go up to the erroneous trend line you drew before falling down again. Currently we are in the process of decline and DXY peaked a few months ago
bruno999888
⋅
@telephoton, yes you are right for my upper trend line , i have draw it just for have a approximate parralele line with my channel , but he isnt confirmed yet, have to wait with price action for be more precise ,
i see a decline for now but i expect a medium decline before next big wave up before fall
do you think that actually decline go be lower that my last c point?
thank you for your rewiew