DXY VS ES1!
Wanted to do a little comparison of these two because I feel they are so strongly correlated.
ES1! trading nicely in the 0/0 -.25 Fib fan.
Moving in a ascending wedge between white trend lines for months.
Currently is overbought on 4HR and has been close to overbought or overbought since Feb 4th.
DXY currently looks like its being supported around the 1/8 Fib fan zone with underlying support as well from previous daily closes dating back to Jan 11th.
This is trading in an descending wedge between white trend lines and looks like its been gathering support to break out.
Currently is oversold on the 4HR.
Take it as you will.
Thats all folks
ES1! trading nicely in the 0/0 -.25 Fib fan.
Moving in a ascending wedge between white trend lines for months.
Currently is overbought on 4HR and has been close to overbought or overbought since Feb 4th.
DXY currently looks like its being supported around the 1/8 Fib fan zone with underlying support as well from previous daily closes dating back to Jan 11th.
This is trading in an descending wedge between white trend lines and looks like its been gathering support to break out.
Currently is oversold on the 4HR.
Take it as you will.
Thats all folks
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