DXY flat pattern?? Or market bears?
Hello guys
Dxy analysis
The first possibility: the starting price of $100.788 is the point of invalidation of the trend line analysis in blue color, if we see an increase, it can be an impulse pattern to complete wave C, a flat pattern in the degree of a larger wave (B).
The second possibility: the trend crossing the price of $100.788 is the analysis of the black trend line of the flat pattern, which will go down again and complete the wave B, and then the wave of an impulse pattern for the wave C will appear (the cancellation of the black trend, the analysis of the crossing of the price 98.915 $).
The third possibility: the weakness of the dollar will reduce it, the market will move very fast and we will see the correction of the shallow trend and the numerous impulse patterns in the four-hour time frame, and we will see a strong bearish market up to the price range of $95.819, $90.777.
be happy!
And have a nice day!
Dxy analysis
The first possibility: the starting price of $100.788 is the point of invalidation of the trend line analysis in blue color, if we see an increase, it can be an impulse pattern to complete wave C, a flat pattern in the degree of a larger wave (B).
The second possibility: the trend crossing the price of $100.788 is the analysis of the black trend line of the flat pattern, which will go down again and complete the wave B, and then the wave of an impulse pattern for the wave C will appear (the cancellation of the black trend, the analysis of the crossing of the price 98.915 $).
The third possibility: the weakness of the dollar will reduce it, the market will move very fast and we will see the correction of the shallow trend and the numerous impulse patterns in the four-hour time frame, and we will see a strong bearish market up to the price range of $95.819, $90.777.
be happy!
And have a nice day!
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