Currently looking at the Dollar index from 4h time frame, i see a head and shoulders pattern indicating a reversal. The level where the right shoulder is taking form is also the 50/618 Fibonacci zone of the currently reversing bullish trend, also indicating a reversal. Viewing even from a higher time frame (1W), you'll notice that the head/peak of the head and...
Currently looking at the Dollar index from 4h time frame, i see a head and shoulders pattern indicating a reversal. The level where the right shoulder is taking form is also the 50/618 Fibonacci zone of the currently reversing bullish trend, also indicating a reversal. Viewing even from a higher time frame (1W), you'll notice that the head/peak of the head and...