Hello trader. DXY Harmonic position appears. Targets for this position are given on the chart. Let's pay attention to the entry point and the stop point. Inflation data in the USA will remain above the interest rate hikes.
As you can see on the graph, ounce of response from the rising supports has prevented the formation of a descending triangle. In fact, he broke the triangle upwards from my point of view and a bull trap occurred. Therefore, we cannot talk about a complete descending triangle anymore. Formation started Quadrilateral formation after descending triangle. This shows...