DXY Range Rotation / Harmonic
Updated
Hello Traders
With the current weakness in the Traditional Markets and Cryptocurrencies i would love to see DXY breaking trough the POC of this range for another rise toward the VAH to around 109 Points which lines up with the .618, I guess to hit these Targets by end of 2023 to January 2024.
To complete the Range Rotation we would need a decrease in Price from 109 to 94 Points, which would be a massive buying oppurtunity for inverse correlated Assets like Stocks & Crypto.
The Target of 94 which lines up with the VAL and a Monthly Level may vary and to predict the Time we will put in this Pivot is a bit to far into the future, i will keep you updated as soon as needed.
Kind Regards from Switzerland
CC Nils
With the current weakness in the Traditional Markets and Cryptocurrencies i would love to see DXY breaking trough the POC of this range for another rise toward the VAH to around 109 Points which lines up with the .618, I guess to hit these Targets by end of 2023 to January 2024.
To complete the Range Rotation we would need a decrease in Price from 109 to 94 Points, which would be a massive buying oppurtunity for inverse correlated Assets like Stocks & Crypto.
The Target of 94 which lines up with the VAL and a Monthly Level may vary and to predict the Time we will put in this Pivot is a bit to far into the future, i will keep you updated as soon as needed.
Kind Regards from Switzerland
CC Nils
Note
Since my idea was published DXY had 4 consecutive weeks to the upside giving it more than a 2% gain and is now facing a slight pullback, i'm overall still looking for higher and i would prefer to see atleast the High at 108 from 21.11.2022 taken out.Trade Safe
CCNils
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