At monthly suppory, nearing oversold on RSI/W. Hight TD count, sparse falling wedge.
Watch out for a possible bounce/bear trap into the 100-98$ area and a bounce up to 102-103 area of resistance.
If so, to be re-evaluated later.
Watch out for a possible bounce/bear trap into the 100-98$ area and a bounce up to 102-103 area of resistance.
If so, to be re-evaluated later.
Note
This is a folluw-up analysis to:![[Watch it] Markets mess may see a pause within few weeks.](https://s3.tradingview.com/o/ObXufKy1_mid.png)
Which anticipated the fall of DXY from the 110s.
Note
Oh, well.That was quick ;)
Note
Likely to bounce more.Note
105 target reached as well.A pretty fast move.
Now close to resistance.
Enough fo rthe scope of this analysis.
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Related publications
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.