U.S. Dollar IndexShort
DXY big picture captured by HarmonicTrader
Hİ all,
Not investment advise
DXY is also critical level something like others..
1 month chart
End of the Crab harmonic pattern we can see two pullback tests for D Point,after the first pullback price has reached first reversal target (TP1=90.61)
Frow now on price is most critical in line..
Why?
First Option
I am expecting expanded / irregular flat ABC correction
If the expanded is done B breaks A wave (102.61)
Then
Reversal C should go TP2 correction level of CRAB Pattern. That is end of the forth wave.
Finally next move for dxy is 1 mont Bearish BAT Pattern (114x) because of the completion fifth wave, that is 0.886 fibonacci level , maybe see alternate bat 1.13 fibonnacci level but too early to talk about alternate bat. (1 month chart)
Yes, that is long term dxy harmonic trader analysis..
Good luck.
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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.