Simple plotting the SPY against the DXY and running parallel channels from significant pivots can help...
But then using a Log scale to help smooth out erratic price movements and allow more linear price analysis you get what is above.
Just a simple set of levels that are found by taking the same point on both graphs and then doubling the channel on the SPY graph so to better see the price, consider it a fractal of sorts in regard to the original channel.
Below is the original channels without Log scale...:
But then using a Log scale to help smooth out erratic price movements and allow more linear price analysis you get what is above.
Just a simple set of levels that are found by taking the same point on both graphs and then doubling the channel on the SPY graph so to better see the price, consider it a fractal of sorts in regard to the original channel.
Below is the original channels without Log scale...:
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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.