dxy bull continues
dxy created a Harmonic M on the weekly timeframe .. at the low when the year started the target was supposed to be94.7 but along the way the DXY also created a Harmonic W on the 3 day time frame..
with the usd in between an inflection point of hitting the weekly harmonic M (buy) supply zone and reaching the 2nd target for the 3 day W sell off.... inflation news came in and made a decision. i believe the dollar will finally reach it's targets of 94.7 this time
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what the 1 week M buy looks like what the 3 day W sell off looked like & the ORANGE thin lines are a possible set up for a large inverse h&s
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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.