DXY - Support and Resistance - Reversal? Update
Updated
This is an update to my previous DXY publication. Hopefully easier to read.
On May 22nd of 2021, we had a very clear long signal that took us directly up to a clear area of heavy resistance with overlapping TD sell zones after a TD9 weekly sell.
Now, we should watch for consolidation to attempt to push up to one of the resistance lines or a lower high, which will likely send us lower.
Here we should gain insight as to what the crypto and equity markets will do.
On May 22nd of 2021, we had a very clear long signal that took us directly up to a clear area of heavy resistance with overlapping TD sell zones after a TD9 weekly sell.
Now, we should watch for consolidation to attempt to push up to one of the resistance lines or a lower high, which will likely send us lower.
Here we should gain insight as to what the crypto and equity markets will do.
Note
Watching the monthly resistance line. Lots of time to go, but a close under may signal to get more bullish on equities.
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