Updated

[Watch it] Markets mess may see a pause within few weeks.

DXY within an ascending channel.
Pretty stretched already, with a TD count 12.
Ongoing bearish divergence on RSI (unless canceled by a further push).

A slowdown in MACD would likely trigger a cooldown from here.
Meaning some sideways action and/or a pullback, towards the 101 mark eventually.

Watch out for formation of some local high in July (or August).
That would likely match with a significant pause in current markets "macro mess".

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Still diverging.
Wonder if it will paint anything like a shooting star on july M close.

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Awaiting M close.

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Montly close at 105.

Fine, so far.
It may paint a shooting star, depending on august close.

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Still pushing, but close to 110 and at the 14th TD candle.
DXY never got past 13 green TD candles across 50+ yrs, a failed high is (still) a pretty viable option.

Let's see.

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Opening post chart, as of today.

Let's see ...

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14 TD candles (unprecedented) and over 110.
Very close to upper bound of channel, overextended and still diverging on monthly.

All in all i don't change my mind about the outcome.
I'd expect a noticeable cooldown along next few months, as per OP.

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DXY is amazing.
Still top of channel and ...

Monthly: red TD count 15, overbought on both RSI / Stoch RSI. Ongoing bearish divergence

Weekly: red TD count 9, overbought on both RSI / Stoch RSI. Ongoing bearish divergence.

Very likely anc close to fakeout imho.

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Back at 107. Good.

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Original view:

It seems moving according to plan.
101-104 seems possibile.

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Nice M candle, so far.

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104 area hit.
Nice.

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Now watch out for test of support.
That's a rising wedge.

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Down to 103 area and well within the target box.

From here i'd foresee some sideways and probably a bounce off support trendline area. Hopefully a dead cat bounce.

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Sideways till support, as expected.

Now a bounce is likely, due to support and overextension.
Let's see and hope we get a DCB, so that markets turmoil can be kept under control.

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Support broke, 101 area already reached.

It was the final target in the opening post.
It was reached a bit earlier than expected.

Enough for the point of current anaysis, thanks for your appreciation.

f-73

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f-73