DXY - 08Mar2022
On the daily, price is both at upper channel and Stochastic resistance.
On the H4, price action is indicating complex correction of wave count of (5)-(IV). Current price action is above daily 61.8% Fib resistance so we could expect price to bounce to 78.6% at 100.02 near future. But for today with Stochastic at resistance, we could expect price to start sideway consolidation.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price is both at upper channel and Stochastic resistance.
On the H4, price action is indicating complex correction of wave count of (5)-(IV). Current price action is above daily 61.8% Fib resistance so we could expect price to bounce to 78.6% at 100.02 near future. But for today with Stochastic at resistance, we could expect price to start sideway consolidation.
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.