DXY False Break or begin of a new Down trend
Market is at the bottom of a Bullish channel and is forming a bearish dark cloud cover on the weekly
Prior the market formed a bearish double top but failed to hold. Market found a strong level of support
at the top of the double top. I see the market forming a Bullish head and shoulders with the right tip at
the bottom of the channel.
I expect the market to have a false breakout and test the level of support one more time before the
continuation of the bull run. In doing so the market has formed a double bottom witch is a strong bullish singn.
Prior the market formed a bearish double top but failed to hold. Market found a strong level of support
at the top of the double top. I see the market forming a Bullish head and shoulders with the right tip at
the bottom of the channel.
I expect the market to have a false breakout and test the level of support one more time before the
continuation of the bull run. In doing so the market has formed a double bottom witch is a strong bullish singn.
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