Strategically speaking, DXY is setting up for a big corrective action downward, and its just a matter of time.... According to Bearish Butterfly on daily inside trend channel...
Commentaire:
DXY is resisting to break the key resistance level, its important to watch the key action of DXY at 95.25-95.50 not able to move forward up, means, we have reached a key turning point...
Commentaire:
DXY is approaching the resistance line... If DXY break the resistance with full force, and there is a follow through in the rally, then I would say that this bearish trend will be broken.... So, lets not rush at the moment.... Stay on cash... Cash is King
Commentaire:
Wow , what a timing folks , perfect analysis and a perfect chart , DXY crashed right at the same resistance level that we had drawn ,,, perfect
Commentaire:
DXY is on track to make a deep correction....just as expected
Commentaire:
Just to update my initial comment, this is not a butterfly, but a Shark Pattern, its very important to understand the exact term , since, it produced sharp accurate results.