We can see a huge wedge formation in the DXY. A correction to the 23 retracement is within the realm of possibility. When do I see this coming? Well, as soon as the inverted SHS formation is validated in the smaller time frame, with the exact target of the 23 retracement.
Note
Note
we saw the breakout Note
Moving into the direction of the target.
Note
Decision time. If the support holds we will see upside pressure. Note
If we break 90,03 the pattern is invalid. Note
structure broken
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.