DXY - 23Mar2022
On the H4, price has rebounded and faced bearish at the 78.6% Fib resistance at 98.96. It is consolidating nicely within a triangle pattern for complex Wave 5-(IV). We will have to wait and see which direction would the price breaks out.
In the case that the price breaks below 97.78, wave count will be invalidated.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the H4, price has rebounded and faced bearish at the 78.6% Fib resistance at 98.96. It is consolidating nicely within a triangle pattern for complex Wave 5-(IV). We will have to wait and see which direction would the price breaks out.
In the case that the price breaks below 97.78, wave count will be invalidated.
This is for personal record purposes only, not financial advise or solicitation of trade.
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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.
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.