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Dow Jones Dollar Index daily TF

By ChartStrategist
The Dow Jones has exhibited a bearish trend for the past nine days, following a break from its bullish channel. Historically, during its last two bullish channel periods, the index experienced a bearish phase lasting 7 to 8 days before finding support and moving higher. I anticipate a similar pattern this time, expecting the index to reach one of my areas of interest before initiating a downward swing. Once it undergoes a healthy pullback and begins to decline, a close below 12,963 will signal a significantly bearish outlook.
Chart PatternsdowjonesFundamental AnalysisrangeshortsetupTrend Analysis
ChartStrategist

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