DXY Daily Forming 2 Bearish Patterns
Updated
Looks like a good place to sell high...a bearish Cypher and Bearish Bat with similar entry points. Waiting for indicator confluence and/or other confirmations is always a good idea.
Please realize this "wave count" is not very detail-oriented nor is it in sync with price action from prior to what is shown in the main idea...it is just an attempt to show I am looking for a last corrective wave before a larger bullish wave. Any feedback regarding this is appreciated!
Please realize this "wave count" is not very detail-oriented nor is it in sync with price action from prior to what is shown in the main idea...it is just an attempt to show I am looking for a last corrective wave before a larger bullish wave. Any feedback regarding this is appreciated!
Note
Maybe the longer term count can look like this...seems consistent with the count in the main idea. If you see any Elliot Wave rules I have violated please let me know!
Note
Watching this potential Bearish Bat...
Trade active
Go Bats
Note
Covered half of my position and holding the rest...the two bearish patterns in the main idea are still valid if the price rises instead of falls further
Trade closed: target reached
TP2 hit after NFP. Now waiting for retrace...BAMM set-up?
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