Short
Dollar index to reverse
I'm bearish the Dollar index for a couple of reasons. 5 waves up completed. Wedge pattern formation breaking down. 3 drive bearish RSI divergence in Daily chart. Stochastic diverging and ready for bearish turn around. Rejection at 50% Fibonacci retracement. Bigger wave picture suggests we should expect lower prices for the index.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.