We had a head and shoulders that made a 1.5x measured move down, where it created an inverted HS that saw a 1x measured move up to resistance.
Sitting at resistance now, if we don't soon see a push through it, we could move back down towards the support area marked on the chart.
As long as that support area holds (or the neckline below it), we should see a visit back to our previous ATH, possibly a double-top with a slightly higher or slightly lower high.
However, if DXY continues to remain below 105ish, it could see a new ATH instead.
Sitting at resistance now, if we don't soon see a push through it, we could move back down towards the support area marked on the chart.
As long as that support area holds (or the neckline below it), we should see a visit back to our previous ATH, possibly a double-top with a slightly higher or slightly lower high.
However, if DXY continues to remain below 105ish, it could see a new ATH instead.
Trade closed: target reached:
All targets hit, closing trade. Note - possible it moves up towards the green targets as well, but I'm good w/ it having hit all the yellow ones.