The DXY weekly chart is a Bullish pattern with a reversal structure.
An impulse that breaks the weekly correction trend of the downtrend has appeared, but the downtrend should continue as a correction pattern, which is a case of a reversal.
You can see that DXY continues to rise while drawing a weekly correction trend line of the rising wave.
The main trend is a monthly upward wave, and the starting point of the wave is the monthly correction trend line.
The indicator on the right is saying MN1 Bull (monthly bullish). And, the monthly correction trend line (1) means that there is one correction trend line above the start line.
This number tells the number of correction trend lines for the uptrend, and more means stronger, but on the contrary, it gives a warning that there may be a retracement.
If the current upward trend cannot be sustained and the last weekly correction trend line is broken, it will be a monthly correction,
and if a rising signal is seen after the monthly correction, a monthly correction trend (2) can be drawn.
If so, it can be interpreted to mean that an upward wave that renews the high is possible.
Conversely, if this is not the case, there will be a deep downtrend.
This is a prediction area, so please refer only to it.
An impulse that breaks the weekly correction trend of the downtrend has appeared, but the downtrend should continue as a correction pattern, which is a case of a reversal.
You can see that DXY continues to rise while drawing a weekly correction trend line of the rising wave.
The main trend is a monthly upward wave, and the starting point of the wave is the monthly correction trend line.
The indicator on the right is saying MN1 Bull (monthly bullish). And, the monthly correction trend line (1) means that there is one correction trend line above the start line.
This number tells the number of correction trend lines for the uptrend, and more means stronger, but on the contrary, it gives a warning that there may be a retracement.
If the current upward trend cannot be sustained and the last weekly correction trend line is broken, it will be a monthly correction,
and if a rising signal is seen after the monthly correction, a monthly correction trend (2) can be drawn.
If so, it can be interpreted to mean that an upward wave that renews the high is possible.
Conversely, if this is not the case, there will be a deep downtrend.
This is a prediction area, so please refer only to it.