Final Upmove for DXY before Sell Off
Hello Traders
The chart attached shows that DXY is likely to push higher one last time to complete wave (v) of wave 5 before we can now start with the big sell off that can potentially run to the end of the year, something that is synonymous with Q4 .
Hint: Once price breaks above wave iii we can then look for divergence between the high at wave iii and wave v and compare that structure with what RSI is printing.
Let's see how this plays out
The chart attached shows that DXY is likely to push higher one last time to complete wave (v) of wave 5 before we can now start with the big sell off that can potentially run to the end of the year, something that is synonymous with Q4 .
Hint: Once price breaks above wave iii we can then look for divergence between the high at wave iii and wave v and compare that structure with what RSI is printing.
Let's see how this plays out
Note
DXY has reached its blue box with divergence on the RSI ...bearishness might persist all through Q4
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.