DXY - USD Approaching Last Resort Of Support
Sounds dramatic, I know. :-)
We see where price got rejected near the Centerline (white).
We see that price broke the little (blue) shelf which inflects with the orange Centerline. So, orange Centerline is broken too.
According to the rules of the Medianlines, we can expect a pullback to it. And it would be a little Gift to enter Short, or load up the boat.
However, the last support before a massive breakdown is the white Lower Medianline Parallel. If we break through this level, the new target is huge, down at the L-MLH of the orange Medianline (Target Zone).
To me, this would also open other opportunities. For example a Bold Long in Crude Oil.
We see where price got rejected near the Centerline (white).
We see that price broke the little (blue) shelf which inflects with the orange Centerline. So, orange Centerline is broken too.
According to the rules of the Medianlines, we can expect a pullback to it. And it would be a little Gift to enter Short, or load up the boat.
However, the last support before a massive breakdown is the white Lower Medianline Parallel. If we break through this level, the new target is huge, down at the L-MLH of the orange Medianline (Target Zone).
To me, this would also open other opportunities. For example a Bold Long in Crude Oil.
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