$DXY -Debt Ceiling Scenarios *2W
Updated
All Eyez on
DXY !The Fate of other Financial Markets is to be decided on X Date of Debt Ceiling
Important Candlesticks prints on *2W and *W
Dollar Index seems to been having stuck between the range of
100.8 - 105.9
so far speaking of 2023's Price Action
However, with the incoming decision of Debt Ceiling this range
can very well be violated on it's borders ;
wether to the downside or upside that has yet to be seen :
- Bearish case'C' wave on ABC Correction)
- Bullish Case Impulsive Wave1 from 1-2-3-4-5 Elliot Waves)
Moreover,
With the breakout of Red Trendine Resistance, wave one is about to come
in to fruiton while yet needing to clear the last Lower High of the downtrend
to create a Change of Character of the Donwtrend.
Breaking above last LH and holding support (Wave B)
also confulences with the Golden Zone of Fibb taken from 114.7 High
to Lows of 100.8 (Wave A)
TRADE SAFE
***
Note that this is not Financial Advice !
Please do your own research and consult your Financial Advisor before partaking
any trading related activities based soly on this idea.
Note
Resistance Trendline break-out on * 3D (tf)
(1d 15hr) to Candle Body Close
Note
DXY *12HR (tf) Playing out;
- BREAK OUT & RETEST of 114 High Resistance Trendline
Uptrend Resumption ?
* Needs to hold support at 200 EMA and S/R grey line drawn on smaller time frames
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