DXY to Continue Correction
DXY's recent low did not bounce from a major fibonacci level...rather just short of one. Based on two fibo-fans I'm looking at a further move down, first to 99.18 then to 97.80.
Note
Note
Thinking we may see an inverted cup and handle instead.Note
Lesson on this one...don't use fibo fans to forecast. Fibonacci will work across many end points. Use swing high to swing low, printed start and end points.
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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.