Indice devise Dollar U.S.
Short

DXY in a megaphone, possible completion scenarios!

241
Hello my beauties.

DXY has formed a massive megaphone, specifically a bearish one after an uptrend.

The completion area for a bearish megaphone that comes after an uptrend is the beginning of the formation itself, which I evidenced in green.

The Dollar Index might turn out to be very bullish in the next few weeks/months, as it has just retested the bottom line of the pattern. However what worries me is the fact that it showed a bit of weakness, as the test broke below the trendline and from experience I can say this could indicate an upcoming breakout to the downside.

If the support holds, then we'll be long dollar for a while.

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Peace.

Luca, TrickleDownFX

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