The DXY is about to complete an AB=CD harmonic move which complete at key swing low and may give at least a short term bounce to retest the broken structure and the 200 DMA. RSI on daily and 4H Tf is already at oversold area and to expect at least a correction here is very possible. Targets 38,2 and 61,8 fib correction of the CD leg.
Note
Now 38,2 correction is done, usually that is target one on an AB=CD pattern, next TP is 61,8. A very nice performance since the completion of the pattern
Note
61,8 is also reached which is usually the target two on this pattern, Happy Pips!
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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.