As we see on this 4 H chart, there might be an inverse Head & Shoulder forming now.
As this formation might play out soon, we could see more downside on DXY.
There is a lot of correlation with the crypto markets, especially with BTC.
Watch out for the breakdown at the neckline.
Happy trading!
*This is not an financial advice, this is only an idea. Do your own research and act on your responsibility.
As this formation might play out soon, we could see more downside on DXY.
There is a lot of correlation with the crypto markets, especially with BTC.
Watch out for the breakdown at the neckline.
Happy trading!
*This is not an financial advice, this is only an idea. Do your own research and act on your responsibility.
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.
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.