$DXY Bearish Dragon / Rising Wedge
Real nice checkback on the lower end of the demand line.
Id look for a bounce at the 382, but ultimately the target of the Inverted dragon would bring you down to the .618. As a reversal pattern / double top, it could very well bring us into the lower to recover some of the imbalances in the lower end of the white range.
The measured move of the rising wedge would also bring you down to the .618, perhaps a little further.
Weakness in DXY could bring some strength in equities and bitcoin, should it continue
Id look for a bounce at the 382, but ultimately the target of the Inverted dragon would bring you down to the .618. As a reversal pattern / double top, it could very well bring us into the lower to recover some of the imbalances in the lower end of the white range.
The measured move of the rising wedge would also bring you down to the .618, perhaps a little further.
Weakness in DXY could bring some strength in equities and bitcoin, should it continue
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