back a year ago i thought dxy looked very up-trendy on high high TF later it broke a trendline. there i got bearish towards the 93 mark with a new diag that supported a bearish C. FORK if it broke down but it rallied from there stayed in uptrend
I am now bullish again for DXY considering the entire picture of bearish on GBP and EUR, fiat currencies all seem week...
after the USDARS move lots, today we've seen a strong DXY on a red equity day yet again, DXY stays bullish, other currencies will stay suffering.
USDMXN and USDBRL both on 2% move todays that I believe stay on a bigger breakout for the near future before more consolidation
if dxy gets rejected at 98 all of this ends up being invalid
main idea here is to show that past outcomes really dont guarantee anything in price chart
you see 1 year back 1 year forward of the bitcoin block reward halving events (the only two ones that have happened so far)
that price action is copied and pasted from 1 to 2, and projected from 2 to 3.
means nothing but looks cool