DXY (U.S. Dollar Currency Index) Tripple Top?
DXY has developed a double top in the weekly chart.
In mid-2014 it grew significantly from 80 to 103. It traded sideways for 3 years until it had its correction in 2017 lasting until early 2018.
The 2nd Top starting from early 2018 moving from 88 and again reaching 103. Then began its 2nd correction to a negligible higher low of 89. As of now, it is evidently on the rise for its 3rd Top, and if it doesn't match the highs of 2014 and 2017, it's very likely to decrease just like before, and potentially have lower lows.
It looks like its worth holding a short position at 100, or mid to late 90s.
In mid-2014 it grew significantly from 80 to 103. It traded sideways for 3 years until it had its correction in 2017 lasting until early 2018.
The 2nd Top starting from early 2018 moving from 88 and again reaching 103. Then began its 2nd correction to a negligible higher low of 89. As of now, it is evidently on the rise for its 3rd Top, and if it doesn't match the highs of 2014 and 2017, it's very likely to decrease just like before, and potentially have lower lows.
It looks like its worth holding a short position at 100, or mid to late 90s.
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