Bullishthreedrives
DXY Update: Massive wedge breakout.This an additional update on the DXY Bullish 3 dives pattern I posted several weeks ago; It would seem that Not only has DXY Bounced from the PCZ of the 3 dives pattern but has also broken a it's equidistant channel and has broken out of a falling wedge visible only on the daily and weekly charts with triple MACD Daily Bullish Divergence!
I'll leave all my previous DXY Ideas below:
Bullish Three DivesDXY has formed an AB=CD and is going for another dive down with reversals targets around the 92.35 area which would be the 2.618 from our most recent low to high it is also confluent with the 1.272 fib extension from our more significant low to high that we have just broken below.
BTCUSD 3 DRIVES PATTERN FIBS MATCH UP TAKE A LOOKBTC chart within the downward wedge has been making a bullish 3 drives pattern, but I will say it also made one with the last hump I will put link below. So it seems to be moving within this Wedge pattern since January the fibs line up about 68% extension on the tops and 1.2 on the bottoms its textbook now we just need it to hit the bottom of the wedge at $5500 and fire up to 10K usd so lets see what happens happy trading everyone. This is not financial advice it my opinion. Do your own research and analysis and make your own decisions.