Watching DXY for bullish movement, especially with the holiday and Black Friday approaching in the States. The bullish movement would complete a 4th wave before the bearish move to an imbalance area below.
Trade active
Continuing to observe DXY movement. Bearish momentum didn't allow for the 3rd wave retracement to reach 50% or to complete the head & shoulders target. 5th wave completion target remains the imbalance area below.
Note
The harmonic crab pattern is complete. Above is a potential retracement path to bearish entry.
Trade closed: target reached
The initial target of 102.992 established in November, 2022 was reached. The potential retracement did not play out.
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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.