Important "DXY " pattern

By omvats1

Updated

Publishing herewith my idea about DXY using weekly time frame

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DXY & art

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index is under resistance of a 3 month trend line and getting support of a 6 month trendline , below a weekly inside bar level, could act resistance for this week , depends on the opening of the index

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monthly trendline could act as support also the 3 month inside bar level also acts as a support for this quarter

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weekend?

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New week range

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got rejected from weekly inside bar low ,near a monthly support range let see

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100.15 is a normal weekly range but before it monthly support zone

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progress in day

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in weekly tf

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price rejected by the weekly level, got support from green line and closed above the weekly level and below a monthly level

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Normal range for May'23 and 1st week

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extended range in case of any event/ trendy movement

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end of week

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New week

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updated range for the next trading week

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price reached its 1st monthly level, also the monthly proportionate level, lets see how it work out

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today

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omvats1

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