DXY triangle

Jul 26, 2021

Expecting further drop if current point E marks the local top. Attempted to break up from triangle but may be fake out. Local wedge shown on 1D with bearish div on RSI.

Signs to look for:

• Breakdown of local wedge.
  
• Price closing back down into the triangle on a daily/weekly timeframe.
  
• Price closing under and retest/rejection of 92.643.
  
• Taking out 91.5 marks continuation of down trend (would make local lower low).
  

Jul 29, 2021

Note

May see relief in this area before resumption:

Aug 3, 2021

Note

Small relief rally as predicted, now back to the green area for further testing