DXY 1D Bear Div Incpetion - Final Push
DXY just made a push up on market open
But the RSI keeps showing lower strength on each push supporting the idea of a distribution
The double chart shows a possible bear div forming (shown by dotted red lines) on the hourly
If it plays out then it could cascade into a bear div forming on the daily as well
As you know from my previous idea, the bear div on the weekly is already present
Lets hope this is DXY final push
But the RSI keeps showing lower strength on each push supporting the idea of a distribution
The double chart shows a possible bear div forming (shown by dotted red lines) on the hourly
If it plays out then it could cascade into a bear div forming on the daily as well
As you know from my previous idea, the bear div on the weekly is already present
Lets hope this is DXY final push
Note
Trade closed: stop reached
CPI bad
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.