Dollar index buy
The dollar index moved nicely and showed a trend continuation invalidation set-up. A triangle was unfolding which is a common consolidation pattern, however it broke out the other way. Therefore I'm looking for a move towards 98 again. Below you can see my previous post of a month ago and that is still valid although it is very likely that we are seeing a leading diagonal on the 4 hour time frame by means of a 3-3-3-3-3 pattern. I will therefore be looking for a consolidation towards the projected zone for a buy opportunity.
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Note
watch for reversal guy's. Wave count will follow later today by means of a new post
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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.