U.S. Dollar IndexShort
Parabolic Advance --> 50% correction
Updated
DXY has advanced in a parabolic curve from 89 to 104.
Parabolas typically reflect frenzied, irrational buying and one can expect a swift correction - typically 50% of the parabolic move.
A 50% decline from the top to the start of the parabolic move gives us a short target of 97.
Parabolas typically reflect frenzied, irrational buying and one can expect a swift correction - typically 50% of the parabolic move.
A 50% decline from the top to the start of the parabolic move gives us a short target of 97.
Note
Did you think you could make money by reacting to the news?Note
shorting dxy was a terrible idea; fortunately this was just a chart
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