Se7enSkies

Shooting Star Candle Formation?

TVC:DXY   Indice devise Dollar U.S.
DXY has 42 hours before the weekly candle closes as a shooting star. If the index does not fluctuate to the upside before the weekly candle closes, It could mean that a potential trend reversal is ahead. A single candle is not good enough of an indicator to predict market direction. I’m just sharing what I see and what it could possibly mean for the index. Even if the candle closes as a shooting star, the index could still see some upward movement. In this case, more indicators and price action analysis is required to know what the future holds for DXY.
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