#DXY #F.US.SFX Training The WXY PatternIn this update we review the recent price action in the Dollar Index and identify the next high probability trading opportunity and price objectives to target PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS01:27by Tickmill3
DX Week of 16 to 20 2023DX Testing bellow last year VWAP. Possible break out could happen. Please see video for exact points. Thank you.Long01:47by MacDadddy0
#DXY #F.US.SFX Correction Or Reversal?In this update we review the recent price action in the Dollar Index and identify the next high probability trading opportunities and price objectives to target PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS01:26by Tickmill4
Dollar Could Be Topping in this AreaI circled where the weekly candle is breaking lower below the trend line. If the week closes with that trend line breached it could mean DX will continue lower. A weaker dollar is good for gold, silver, other commodities and stocks too; for their prices to go up. Last week's candle was also a shooting star which puts more odds in the favor of a lower dollar index.Shortby Bry7772
A deep dive into Wyckoff Accumulation Schematic #1.Greetings, I find my previous communication regarding the US dollar was perhaps insufficient in elaborating my viewpoint. Therefore, I have resolved to delve deeper in this correspondence, presenting a thorough analysis to substantiate my conviction that the US dollar is poised for a considerable mark-up phase, from a technical standpoint. I must clarify that I am not an advocate of fundamental analysis; my interests lie predominantly within the realm of technical patterns. I envisage this upward movement initiating around August 10th, which coincidentally corresponds with a significant Consumer Price Index reading. --- Foremost, let me clarify that my analysis is grounded in the original Wyckoff Accumulation Schematic #1, composed of approximately five distinct phases. It is my endeavor to convey an understandable summary of these phases to you, my esteemed reader. ↓ ↓ ◆::◇::◆::◇::◆◆::◇::◆::◇::◆ Phase A: In the Wyckoff Method represents the end of a downward trend in a stock's price. It starts with a significant sell-off (Selling Climax), followed by a brief price recovery (Automatic Rally), and then a less intense sell-off (Secondary Test). These events establish a trading range for the stock price. If the Secondary Test drops below the Selling Climax, further price drops or extended low prices can be expected. ◆::◇::◆::◇::◆◆::◇::◆::◇::◆ Phase B: In Wyckoff's Method is a period of "building a cause," essentially preparing for a new upward trend. Institutions and professional investors start buying more shares at relatively low prices, anticipating a future price rise (the effect). They balance this buying with some short sales to keep the price from rising too fast. During this phase, the price often fluctuates within the trading range established in Phase A, with many Secondary Tests and false price breaks called "upthrusts." This phase can take a long time as big players slowly accumulate shares. As more shares are bought up, the volume of shares traded during price downswings tends to decrease, signaling the end of Phase B and the start of Phase C. ◆::◇::◆::◇::◆◆::◇::◆::◇::◆ Phase C: In Wyckoff's Method is where the stock price is tested to see if it's ready for an upward trend. This phase often includes a "spring", a sudden drop below the established trading range that quickly reverses. This can trick late sellers into thinking the downtrend is resuming when it's actually the start of an uptrend. A successful spring represents a good opportunity to buy as it signals the stock is likely to start going up. If a "Sign of Strength" (SOS), a noticeable upward price movement, appears after the spring, it confirms this analysis. Sometimes, supply testing can happen without a spring, making Phase C harder to identify. ◆::◇::◆::◇::◆◆::◇::◆::◇::◆ Phase D: In Wyckoff's Method is when demand starts consistently exceeding supply, leading to a dominant upward trend. This phase is marked by "Signs of Strength" (SOSs), or notable upward price movements on high volume, and "Last Points of Support" (LPSs), smaller upward price movements on lower volume. The price will typically reach the top of the trading range during this phase. The LPSs are generally good opportunities to start or add to long positions as they suggest the price is likely to continue rising. ◆::◇::◆::◇::◆◆::◇::◆::◇::◆ Phase E: In Wyckoff's Method is when the stock price leaves the trading range and begins a clear upward trend, with demand in full control. Any price drops during this phase are usually brief. New higher-level trading ranges can form during this phase as investors take profits and large operators buy more shares, serving as "stepping stones" towards higher prices. This phase makes the price rise visible to all market participants. ◆::◇::◆::◇::◆◆::◇::◆::◇::◆ Glossary of the Wyckoff terms used in the post: PS (Preliminary Support): A point where significant buying starts to happen after a prolonged price decrease. The increased volume and price spread suggest the downtrend might be ending. SC (Selling Climax): The peak of selling activity, often involving panic selling by the public. Large investors absorb this selling, which can stabilize or increase the price. The price often closes well above the low point, reflecting these large investors' buying activity. AR (Automatic Rally): A price increase that happens because selling pressure has significantly decreased. This rally, further driven by short covering, helps set the upper boundary of the accumulation trading range. ST (Secondary Test): The price revisits the area of the selling climax to test if demand outweighs supply. To confirm a bottom, the volume and price spread should decrease significantly as the price approaches the support level. It's common to have multiple secondary tests after a selling climax. Test: Large operators or professional investors test the market for supply throughout the trading range and at key points during a price advance. If a test reveals considerable supply, the market might not be ready for a markup. A spring is often followed by tests, and a successful test (indicating impending price increases) typically forms a higher low on lower volume. SOS (Sign of Strength): This is a price advance on an increasing spread and relatively higher volume. An SOS often follows a spring, which validates the analyst’s interpretation of that action. LPS (Last Point of Support): This is the low point of a reaction or pullback after an SOS. Reverting to an LPS implies a pullback to a support level, which was formerly resistance, on a decreased spread and volume. Despite the singular term, there may be multiple LPSs on some charts. BU (Back-Up): Coined by Robert Evans, a prominent Wyckoff method teacher, it's a metaphor for a pullback after an SOS, akin to "jumping across the creek" of price resistance and then "backing up to the creek." A back-up often precedes a significant price markup and can appear as a simple pullback or a new trading range at a higher level. ◆::◇::◆::◇::◆◆::◇::◆::◇::◆ I appreciate your time in perusing this analysis. In conclusion, I foresee the US dollar potentially reaching an upside target of approximately 110-111 into the end of this year. Lastly, I invite you to revisit my prior substantial post on the US dollar, wherein I had the occasion to pinpoint "the top". ↓ 💜Longby EloquentUpdated 1121
AD showing a Double Top but base buildingDX, focusing on the AD & Money Flow. I see a double top by the AD, however there is a base forming. The Handle is currently being shorted, we dont have a bullish/bearish breakout yet. However, i'm leaning towards the bearish side based on what i've seen in Gold & Oil charts. I will be posting additional charts to show til there is a definitive trend directionby moneyflow_traderUpdated 1
Bigger FlatGreetings everyone, I hope you've had a productive week with successful trades. I wanted to share some of my ideas on the Elliott Wave Principle. It's crucial to make informed decisions and exercise patience in all transactions. As per a quote from (J.F.), a professional analyst of the Elliott wave principle, amateur traders tend to focus on the possibilities that may happen while professional traders focus on the possibilities of what is happening. My recommendation is to bear in mind that, after making a trade, the primary responsibility of the trader is to minimize risk, eliminate it, and ultimately preserve the profits earned. Thank you for your continued support, and I'm excited to continue our journey together. Sincerely,Shortby mehdi47abbasi797
Dollar - Slump Engulfed, Next Wave Up?Just as we looked at the previous last August correction, the question was; can a more impulsive wave engulf the slump, and it did to then print the next wave up. Now the same thing is happening again. Dollar did look quite impulsive with the bearish slump, but on Friday it printed a hammer and now today its having a very big pump that has easily engulfed the slump with even more impulsive action. Still 6 hours until the current day candle closes but currently this is printing a very bullish Evening Star Candle formation. And so this is more likely another wave up. Remember that these Fibonacci Golden Window bands are not only to find reversals but also continuation patterns and this 1:0.618 GW may now prove to be a landmark for the latter. The big blue band above is the long term retracement GW with pivots taken from 2022 top to 2023 bottom. As we looked at before, that is the next obvious reversal point and if it slightly overshoots the extension 1:1 then it can reverse in both the extension GW and the blue long term 0.618 GW. In terms of Fibonacci that is the most likely reversal point around $108.5 and slightly beyond. That said it hasn't yet made significant price discovery past the local high and so if another slump comes and we have overlapping highs then it could yet be a top. But for that to happen any bearish action would have to be very high volatility to match this bullish move. Its interesting as "Craig" pointed out that there hasn't been a negative reaction in stocks or crypto which even had a nice pop today. I think perhaps this is where those markets are becoming bullish now and they are leading the dollar in preparation for it topping. So perhaps we may see some fireworks when it does actually top. Also interesting that Gold and Silver are dumping hard but Palladium is holding well. These are all probably clues of what will happen in the next market phase 🧐.Longby dRends35224
DXY up to 108 !!!Dollar Index is going to make huge gains in few next days, Technically The price will go up from 105.8 to 108 Support 105.8 Resistant 108 While Gold,BTC and WTI are going to make some loses. Wish you best tradesLongby Trader_Manager1
dxylooking for some decent pull back on the way up divergences in place already let it run soonShortby tozamo1
Update: DX! Long - bounce off support continues As previously discussed on Sept 6, bullish trend continues. Vertical price objective of 112.25Longby Breakout_boomerang0
#DXY #F.US.SFX On Correction WatchIn this update we review the recent price action in the dollar index and identify the next high probability trading opportunity and price objectives to target PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS02:00by Tickmill3
#DXY #F.US.SFX The Set Up Into The FOMC DecisionIn this update we review the recent price action in the Dollar Index and identify the next high probability trading opportunity and price objectives to target PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS 01:21by Tickmill3
THE USDThe US Dollar has broken the bearish trend line and broke two previous highs. This may lead to a change in direction towards 110.265-110.920 if it can successfully break 105.840 and retest it. The red lines mark potential reversal prices but should not necessarily indicate a change in direction. Please, don't follow my signal blindly, trade based on your own risk.Longby Omani773
EX FlatGreetings everyone, I hope you all had a successful week with profitable trades. I am pleased to share with you my ideas created through the application of the Elliott Wave Principle. It is important to make informed decisions and exercise patience in all your transactions. Please refer to the chart for relevant details. I am grateful for your ongoing support and look forward to our continued journey together. Respectfully yours, (Mr. Nobody)Shortby mehdi47abbasi797
#DXY #F.US.SFX Looking To Fade Initial Test Above 105.50IN this update we review the recent price action in the Dollar Index and identify the next high probability trading opportunities and price objectives to target PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS 01:11by Tickmill334
DXY Futures DX1! ~ Weekly Swing ChartChart mapping/technical analysis of ICEUS:DX1! for developing long-term Swing Trade strategies. ICEUS:DX1! TVC:DXY AMEX:UUP AMEX:UDNLongby BlueHatInvestorUpdated 0
DXY Futures DX1! ~ Weekly Swing Chart V2Update: same chart, same timeframe, wider view. Chart mapping/technical analysis of ICEUS:DX1! for developing long-term Swing Trade strategies. ICEUS:DX1! TVC:DXY AMEX:UUP AMEX:UDNLongby BlueHatInvestor0
DXY Futures DX1! ~ 4hr Intraday ChartChart mapping/technical analysis of ICEUS:DX1! for developing short-med term Intraday Trade strategies. ICEUS:DX1! TVC:DXY AMEX:UUP AMEX:UDNLongby BlueHatInvestor0
DX - US$ Index on the way to the Center-line.In previous posts I already showed how DX is moving towards the CL. It failed two time, then they cleaned out the Stop/Losses and now DX is on it's way to the Center-line. Now that we have good confirmation, it would be a no brainer to load the boat even more on a pullback at the CIB line. (yellow).Longby Tr8dingN3rd1
DX1! - Dollar Index at equilibriumSo, here we have the USD Index at the Centerline at a balanced level. What if the US$ starts go north? I would say, markets, which are btw. also totally overbought, are tanking. This scenario is on point with the CPI today. Obvious or a fluke? As always, anything can happen, even a new spike in the Indexes.Longby Tr8dingN3rdUpdated 225
DX! LongDollar has entered long term bullish territory for the moment. Look to enter on pullbacks to support.Longby Breakout_boomerang0
#DXY #F.US.SFX Two Way Trading Opportunities IN this update we review the recent price action in the Dollar Index and identify the next high probability trading opportunities and price objectives to target PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS01:23by Tickmill3