DX.F trade ideas
Dollar spirals down?The dollar index completed 1 of 3. Whether 2 is over or not awaits confirmation, Keeping both scenarios open for the next two days if DXY goes below the previous swing low that would mean that 3 of (3) is going on else it might go above 91 and test the 40-day exponential average.
If 3 of (3) has started then all commodity prices should continue to move higher.
Ascending Broadening WedgeThe ascending broadening wedge occurs when prices make higher highs and higher lows; each high and low should occur at least three times to create the proper support (line drawn below the lows, sloping upward and to the right) and resistance (line drawn above the highs, sloping upward and to the right, even steeper than the support line).