DXY - Moderate Retracement in Play - Breakdown in Structure?
To my crypto fam watching the US Dollar Index [ 
DXY ] Did you notice we fell under the early September resistance?
We are also retesting the 2022 fib level at 23.6. Would be nice to see it break down further to 107 and the 38.2 level. Increasing rumors of the Fed relaxing, and even pivoting. I have doubts about a pivot , but going a little quieter into the election cycle and year end might be possible.
In a related note: the trend is either weakening or potentially breaking down from it's moderate-term parabola. I had to drop my trend angle down notably to capture this move.
DXY ] Did you notice we fell under the early September resistance?We are also retesting the 2022 fib level at 23.6. Would be nice to see it break down further to 107 and the 38.2 level. Increasing rumors of the Fed relaxing, and even pivoting. I have doubts about a pivot , but going a little quieter into the election cycle and year end might be possible.
In a related note: the trend is either weakening or potentially breaking down from it's moderate-term parabola. I had to drop my trend angle down notably to capture this move.
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