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DrDovetail

DXY candle does 180 reversal after hitting exact breakout target

U.S. Dollar Index (TVC:DXY)  
DrDovetail  
TVC:DXY   U.S. Dollar Index
Trend Analysis Chart Patterns DXY Falling Wedge bullishbreakout targethit bearishcandle
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trendanalysis chartpattern dxy fallingwedge bullishbreakout targethit bearishcandle
The breakout target from the falling wedge was 105.6 . As you can see by the big red wick as soon as the dxy price reached 105.6 it did an abrupt reversal and morphed into a big red candle. Still a chance in the coming days it could rebound and still retest the 50ma or even reach the dotted tan lines target. However the exact precision of it flipping once it reached the falling wedge target inspired me to post a chart just to reaffirm that once again, TA Works! Target Hit! *not financial advice*
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