DXY possible end of correction and next target level
DXY, after 3 red candles of correction, the price is bouncing on the double support formed by the Monthly and Daily Kijun Sen.
The Lagging Span will confirm the rally by breaking it's Kijun Sen, along with the price that will also break the same level.
Next potential target zone, formed by the MLY Kijun Sen and the previous high, marked by the green box on this Daily Chart.
You can ask me in the comment below for my view on a specific pair, indices, stock, crypto. I'll try to oblige if times permit , but no promises ;)
Glossary :
TS = Tenkan Sen | KS = Kijun Sen | LS = Lagging Span/Chikou Span
DLY = Daily | WLY = Weekly | MLY = Monthly
TL = Trend Line | TP = Take Profit | SL/ INV = Stop Loss / Invalidation | TF = Timeframe
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. **
The Lagging Span will confirm the rally by breaking it's Kijun Sen, along with the price that will also break the same level.
Next potential target zone, formed by the MLY Kijun Sen and the previous high, marked by the green box on this Daily Chart.
You can ask me in the comment below for my view on a specific pair, indices, stock, crypto. I'll try to oblige if times permit , but no promises ;)
Glossary :
TS = Tenkan Sen | KS = Kijun Sen | LS = Lagging Span/Chikou Span
DLY = Daily | WLY = Weekly | MLY = Monthly
TL = Trend Line | TP = Take Profit | SL/ INV = Stop Loss / Invalidation | TF = Timeframe
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. **
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