InvestMate|DXY Declines Before Increasesđź’µ
đź’µDXY Declines Before Increases
đź’µLooking at how the dollar has behaved in recent days, it is not difficult to get the impression that we have not exhausted the full downside potential.
đź’µWe have stopped at the first support zone.
đź’µI think we can stay between the nearest supports for a while.
đź’µEverything currently points to a continuation of the declines.
đź’µBut I would be very careful, at any time we are eventually able to make an upward correction.
đź’µThe support zone we are currently on was determined by the level of the 0.236 level of the entire upward wave from the 2008 bottom to the 2022 peak.
đź’µThe lower support zone was determined on the basis of the downward wave from the 1969 peak to the 1978 bottom.
đź’µThe resistance zone that is above us was determined by the 0.681 level of the entire downward wave from the 1969 peak to the 1978 bottom.
đź’µThe scenario I am playing out is a slight descent between the support zones and waiting for the upside to start, to the vicinity of the resistance zones. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
đź’µ*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
đź’µLooking at how the dollar has behaved in recent days, it is not difficult to get the impression that we have not exhausted the full downside potential.
đź’µWe have stopped at the first support zone.
đź’µI think we can stay between the nearest supports for a while.
đź’µEverything currently points to a continuation of the declines.
đź’µBut I would be very careful, at any time we are eventually able to make an upward correction.
đź’µThe support zone we are currently on was determined by the level of the 0.236 level of the entire upward wave from the 2008 bottom to the 2022 peak.
đź’µThe lower support zone was determined on the basis of the downward wave from the 1969 peak to the 1978 bottom.
đź’µThe resistance zone that is above us was determined by the 0.681 level of the entire downward wave from the 1969 peak to the 1978 bottom.
đź’µThe scenario I am playing out is a slight descent between the support zones and waiting for the upside to start, to the vicinity of the resistance zones. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
đź’µ*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
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đź’˛ To keep up to date with all my activities I invite you to visit my Telegram đź’˛
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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.