U.S. Dollar IndexShort
Possible Bearish Flag forming
The technical term of the day: Bearish Flag Pattern
DXY
1. Preceding downtrend (flag pole)
2. Upward sloping consolidation (bear flag)
3. Retracement
4. Top of flag or breakout below low of lower channel
5. Look for prices to break lower with length equal to size of flag pole
DXY1. Preceding downtrend (flag pole)
2. Upward sloping consolidation (bear flag)
3. Retracement
4. Top of flag or breakout below low of lower channel
5. Look for prices to break lower with length equal to size of flag pole
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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.