DXY - Potential Wyckoff Distribution
Not Financial Advice. Just wanted to make a quick post about the DXY because it seems to be approaching unsustainable levels and its right near the .786 Fib retracement from the early 2000 highs. If we get a reversal here it could potentially play out like a Wyckoff Distribution. Its not exactly the same as the Distribution shown since it didn't set a new low after the ST top but IMO this could be a reversal zone. If it breaks past that fib retracement level it could definitely go higher but how long can it really sustain that's the real question.
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