Dollar Index (DXY). Head & Shoulders
Updated
I spotted the Head & Shoulders pattern in the DXY chart and share it with you here.
It has slope down and it fortifies the short idea.
The Neckline is located around 89.30-89.40 level.
The calculated target is set at the 87.90 level. (Neckline minus Head's Height)
It has slope down and it fortifies the short idea.
The Neckline is located around 89.30-89.40 level.
The calculated target is set at the 87.90 level. (Neckline minus Head's Height)
Comment
Approaches the Neckline. Watch breakdownOrder cancelled
The price behavior doesn't fit the pattern anymore.
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