The head and shoulder pattern in DXY was confirmed and went down to 96.51 for last months.
The falling down was first a leading diagonal pattern and then a short-term B wave bounce and C sharply down.
The HS pattern target was hit.
It might have a short-term bounce here to retest the diagonal bottom line. And then another big down after the short-term bounce.
Good luck for everyone!
The falling down was first a leading diagonal pattern and then a short-term B wave bounce and C sharply down.
The HS pattern target was hit.
It might have a short-term bounce here to retest the diagonal bottom line. And then another big down after the short-term bounce.
Good luck for everyone!
Trade closed: target reached
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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.
Related publications
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.