US30 After the colossal Gap at the Open of the After Hours, a Bearish Harami formed as a top reversal pattern.
In order for the bears to close the Rising Window (Gap Up), they would need to do a candle close at 39,254 (or lower), then land on the S&R Zone below (that starts at 39,186) as part of the retracement. If that doesn't happen, the bulls will rise from Gap's strong forces of Support towards the Swing High at 40,093.
US30 To All the Humbled, Titans of Trading: Guess What? We have a very tall and imperfect-looking Double Inside Day on the Hourly. That means a BIGLY move is coming, either before the close of the New York session or sometime during the After Hours. It can be either to the upside or the downside.
US30 The Hourly shows a very tall bearish candle that is known as an Anchor Bar that was created on high volume - a cardinal sign. The candles can consolidate within its range until a breakout from either its high at 39,232 or low at 38,771. Many stock traders would also call this a "Mother Bar" of an Inside Day pattern for a market pause.
Also, the midline to high of the tall bearish candle is a Resistance Area. We'll see how far the bulls travel, going against the current. It would take more than one bullish candle to reach the high of the Anchor Bar (at 39,232).
DXY The US Dollar Index (DXY) is currently trading near recent lows, around 98.44. Here's a breakdown of its current state¹: - Trend: The daily momentum is bearish, with the Relative Strength Index (RSI) falling into oversold conditions. - Support Levels: 98, 97.65 - Resistance Levels: 99.5, 100.10, 101.20 - Market Sentiment: Markets are questioning the USD's status as a reserve currency, and ongoing US protectionist measures, weakening US exceptionalism, and ballooning US debt are catalysts that could keep the 'sell USD on rally' trade intact. - Forecast: OCBC's FX analysts expect the USD to trade weaker against major FX, including EUR, CHF, and JPY, over the forecast horizon. - Short-Term Outlook: Short covering may be imminent, warranting caution, especially if there's any short covering.
Some analysts also expect²: - Further Decline: The DXY has been in a clearly defined downtrend, showing consistent lower highs and lower lows. - Potential Rebound: If the price cannot break through the 97.75 level, it's expected to rebound in the short term.
Key factors influencing the DXY include³: - Federal Reserve Decisions: Monetary policy decisions, interest rates, and statements from Jerome Powell can impact the index. - US Economic Data: GDP, inflation rates, and employment data can influence the USD's value. - Global Economic Trends: Trade-related uncertainties, protectionist measures, and global growth concerns can affect the DXY. US100US30BTCUSDXAUUSD
US30 A Wick Fill? There's a tall upper wick of the tall Shooting Star on the Hourly. Watch to see in the new hour if a bullish candle shows up to fill that wick part way or in full, then back down for the bearish retracement.
We may get a shallow retracement or a proper one around 38,619 through Mean Reversion.
US30 After the colossal Gap at the Open of the After Hours, a Bearish Harami formed as a top reversal pattern. 
DXY The US Dollar Index (DXY) is currently trading near recent lows, around 98.44. Here's a breakdown of its current state¹:
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