DXY Double Top with neckline break confirmation
DXY has confirmed a double top, and a neckline break. However, it's hesitant to fall just yet. We can see starting from the right top, prices started a 5 wave pattern, and is now in the correction phase. We're looking for B here, which might be right at the same higher low we previously posted at 93.41. This would create a double bottom, and send price up to the measured move at C. That is also the 61.8% retracement from the top of the double top to the neckline. From there, we should see a move down into 86.64 to complete the double top.
Nota
If a pin bar is posted here at the arrow, then that should be the signal to go long with stops below the low. This is a "low, lower low, higher high, lower high" reversal setup.Nota
Nota
This looks like a decent pin bar trigger.Nota
Price respected the level and started the rally up.Dagangan aktif
Price hit the C targetNota
Idea worked out pretty nicely. Retest of 95 to get in short again.Nota
Top trendline adjusted. this is where we go down for the DXY
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.