DXY had a bearish pennant pattern a few months past and then was followed by a drop. The stock then pivoted up, gained selling pressure, and then fell again. Now it is in a consolidated rectangle. The rectangle pattern is a continuation pattern. If the stock follows the pattern, it should break below.
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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.