DXY has been on such a meteoric rise!! BUT all things that go up, MUST COME DOWN!! and boy isn't that true in the markets!!
On the 4Hr Chart, I have DXY finally showing a Bearish Break to the Pennant it has been in which signals to me Bears could definitely be stepping in. Accompanying the Pennant is the ever so famously-known Head and Shoulders Patterns strengthening my Bearish Bias!
Now if this break isn't a False one, we could see DXY traveling down to as far as the 104.761 - 103.463 range Fib'd from the Low to the Height of this ChoCh move!
-With my Bearish prediction for DXY, if support is in search, I believe it'll be found in this range! But as we all know, MARKETS DO WHAT THEY WILL! Be Vigilant.
*Look for my Bearish Bias USD Supported trade ideas out as well!
On the 4Hr Chart, I have DXY finally showing a Bearish Break to the Pennant it has been in which signals to me Bears could definitely be stepping in. Accompanying the Pennant is the ever so famously-known Head and Shoulders Patterns strengthening my Bearish Bias!
Now if this break isn't a False one, we could see DXY traveling down to as far as the 104.761 - 103.463 range Fib'd from the Low to the Height of this ChoCh move!
-With my Bearish prediction for DXY, if support is in search, I believe it'll be found in this range! But as we all know, MARKETS DO WHAT THEY WILL! Be Vigilant.
*Look for my Bearish Bias USD Supported trade ideas out as well!
