📊 U.S. Dollar Index Headed Towards 105/106
Updated
The market moves in waves, pretty simple.
➖ Up and down.
From July through October 2023 we had a major bullish wave followed by a distribution phase.
From November through late December 2023 we had a correction.
➖ Up and down...
We are now set to see a bullish wave based on how the market cycles through positive and negative, red and green, bearish and bullish.
My target is set at around 106...
As the DXY moves up, Stocks, Crypto and the rest will crash; It is inevitable... Like a wave in the ocean, it goes up and down and finally permanently gone.
Namaste.
➖ Up and down.
From July through October 2023 we had a major bullish wave followed by a distribution phase.
From November through late December 2023 we had a correction.
➖ Up and down...
We are now set to see a bullish wave based on how the market cycles through positive and negative, red and green, bearish and bullish.
My target is set at around 106...
As the DXY moves up, Stocks, Crypto and the rest will crash; It is inevitable... Like a wave in the ocean, it goes up and down and finally permanently gone.
Namaste.
Note
It has been eight days since sharing this trade idea and the DXY trades within the same level... We have a perfect bull-flag: While trading above EMA10.
I also looked at 4H and Weekly timeframes and both are flashing green.
Unless something changes on Monday, the DXY goes up.
This means that stocks like TSLA and others are set to go down.
Note
The DXY bullish bias is now fully confirmed... Let's start with the chart.Daily TF
- Full green candle today.
- Move above EMA50 and fib. level.
Notice how moving above EMA50 signals the start of a bullish wave.
The RSI is also looking quite good... Truly straight up.
Note
Our bullish bias is now fully confirmed by the FED. This tells us that the Stock market and Cryptocurrency are set to crash, including Gold.👉 The FED will 100% cut interest rates in March which will signal the end of the correction.
They say they are not likely to cut interest rates based on how the market is looking right now, the other directors said they need to keep an eye on "data" and decisions will be made based on this data.
So now the FED gives the sell signal and everything sells off, just as the charts fully predicted.
Everything sells off and we have a major correction. By March, the data clearly shows a downturn and everything crashing and thus it makes it possible to cut interest rates.
The market moves in cycles...
The FED took control of the market and they produce cycles... This is all good news because we can know exactly what is coming by looking at the charts first and then getting confirmation from what they say.
👉 The DXY is set to continue higher.
👉 Bitcoin (Cryptocurrency) set to grow in bearish momentum.
Namaste.
Note
The bullish bias on the DXY continues strong... Trade closed: target reached
The DXY hits 106 today.TARGET HIT! 🍾
Note
Let's keep this one short, shall we? For the sake of simplicity.The DXY is set to move to 111.11.
What I see coming from the chart is a range actually as the next resistance/target, between 111 and 114 with the end target being around 113.
Will there be a stop in-between?
Of course, 108 sounds good...
Remember this index is very complex because it is affected by global finance as well as geo-politics as well as USA economics, etc. Many factors can have a huge effect while many other factors that are supposed to have a strong effect on the index can do nothing; just as it can behave erratically and ignore all of our assumptions. So even though I am making this prediction I would not put much faith on it, things can easily change.
With sociopolitical dynamics becoming really messed up right now on the global stage (leaning toward instability), whoever leads the world (USA) is bound to get the upper hand and continue to forge ahead... Let's go back!
The chart says this index is bullish and set to move higher; however this is reflected in our perceived reality, we can't say for sure.
Scientists say we can walk through walls in their imagined reality, they say things are not solid but we know this not to be the case. Walls are solid and even if in your imagined reality they are not, if you try to walk pass through a wall you are going to smash your face in it, that's reality; our perceived reality. In an imagined reality you can say rocks are not solid but try eating a rock and see if reality works based on theory, imagination or perception.
What I am trying to say is that it doesn't matter what we imagine or belief, the only truth is the life we live.
When the DXY goes up, Bitcoin goes down!
That's just the way it is.
Namaste.
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