The dollar index is presently responding to my 14hr supply zone, leading to a visible bearish reaction. Given that this supply is part of a 2-day supply, I anticipate price to move upward to further mitigate this supply, potentially triggering a more stronger bearish response.
With the breakout from consolidation, I anticipate clearer price action. I will be...
DXY finally broke out of the bull channel it has been in since July of this year. A strong bull response off of the 30EMA brought the price back to the bull channel. We are now waiting to see if the price can re-enter the channel, or if it fails and confirms a breakout to the downside.
Key Points:
1. Bear breakout of the Bull Channel, waiting for...
Bullish Correction does not seem to be complete as the DXY Pattern keeps on becoming more and more Complex. In other words, DXY could commence a Bullish Swing in order for the entire Corrective Pattern to complete. This is because the Bearish Swings previously predicted in the FOMC Press Conference - DXY - Triple Three article do not really fit a proper Impulse...
