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DOLLAR INDEX (DXY) Potential Scenarios Explained 💵 Dollar Index is approaching a resistance line of a falling parallel channel on a daily. Depending on the reaction of the price to that, I see 2 potential scenarios. Bearish Because the index is currently trading in a bearish trend, probabilities will be higher that it will drop. To confirm that, watch a horizontal range on 1H time frame. If the price breaks and closes below its support, it will confirm the strength of bears. A bearish continuation will be expected at least to 101.5 then. Bullish The market may break the resistance of the channel. If a daily candle closes above that, it will confirm the violation. A bullish movement will be expected to 103.0 level then. Wait for a confirmation & then follow the market. ❤️Please, support my work with like, thank you!❤️
TVC:DXYShort
by VasilyTrader
6
DYDX Gearing up!KUCOIN:DYDXUSDT DYDX is in consolidation sitting within a 20% band. Market waiting on Bitcoin move for direction. Look for Longs with entry triggers around the possible pullback zone for breaking out for 30% - 40% possible upside. On rejection, can short to structure at 1.84 level. Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
by imr4nkh8n
SnP500 Ascending Triangle formationSince September 2022 S&P500 seems to be struggling to break the resistance at 4150 area where it has been rejected atleast four times since then. However, several indicators are now pointing towards a possible break through, expected soon as DXY is declining and is expected to decline further in the coming weeks. S&P500 on the other hand seems to be forming an ascending triangle on daily chart. We will wait for the resistance to break at 4150 and hold above it, then we can take long positions with first TP1 at around 4325 and TP2 at around 4500.
PEPPERSTONE:US500Long
by maberl
BITCOIN REACCUMILATION PROCESS☝🤔hi there this is CAPEFOX after the pirce range 27800 to 28000 everyone thinks that the bearish patterns are dropping down the price again but one of the most reasons that people igonre in this process is public behaviour and metality state !!!RIGHT!!! everyone expects to see price fall Morever according to last week in the past 5 candlesticks in daily time frame price managed to create a possible support area so in this scenario a reaccumilation or a stop hunt is possible volume profile manages to find a surface In same pirces BTC increase to 29500 ONCE AGAIN
Long
by ArchangelUriel
4