DXY - Comeback or Breakdown?
Updated
Hey guys , i was checking usd index for the latest move and this move up doesnt really seem complete to me , despite the bearish sentiment i see on tradingview around it i believe it has a little bit more room left on the upside.
Please note the break of yearly resistance from the which this move down would be seen as retest as support then uptrend continues.
Black line represents the invalidation point for this wave count , goodluck!
Please note the break of yearly resistance from the which this move down would be seen as retest as support then uptrend continues.
Black line represents the invalidation point for this wave count , goodluck!
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We got FOMC today and happens often that i find divergence before the fundamental events , here is some nice bullish divergence on 45 minute timeframe.
Cheers!
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Price is retesting prior triangle lower trendline and 78% fib retracement level.
I am still in doubts if this last push (wave v blue) is completed or not , seems too small and it could easily be the first wave out of 12345 sequence only , will see how it goes.
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we got a corrective wave a/1 which will follow another push with the first wave ending currently , a pullback then continuation of uptrend.
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This looks like its coming up
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lets go!
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