During the most recent recession in 2008 by looking at the DOW vs the DXY on the monthly TF. The first red circle on each chart marks the top on the DXY in December 2005. The 92 level on the DXY was confirmed as resistance at this point in time. (For context, the DXY is below this 92 level right now and so far… it’s being rejected)
We can see that in this month,...
