With the rising higher highs and higher lows in the close time period, I find this more appropriate to call a channel than a wedge. To call it a wedge, we should ignore this structure and in my opinion it is better to focus on the channel idea.But who knows what happens in the future :) this is my own idea, not a financial advice. Wish you all a great day!
In this situation DXY chart Lower high wave.So, market need seems sell correction @ 105:2700 and 103:878 and 102:300 support level.If breakout 108.500 resistance level, then market Buy UP to 109:680 resistance level. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including...
In this situation DXY chart Hopefully create bearish butterfly pattern. So, market need to Seem sell correction on 112.180 support zone then fully bullish or if breakout 113.037 resistance level, then market Buy to 114.163 and 115.710 resistance level.
AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
N.B-In this situation DXY chart needs seems to sell correction 98.100 Or 97.777 Support Zone. Next support level 98.100 Or 97.777 then market fully bullish to 98.850 & 99.888 resistance zone.
DXY // USDINDEX // USD // DOLLAR Continuation trade: 👉🏻 Price managed to break above said previous high. However, it broke out of an ending diagonal, we have to monitor further if this level can hold. Daily levels
Based on my Elliot wave count, I started shorting the dollar since 94.70 price region. because it is evident that a new impulse wave as resumed towards the downside. I am expecting more downpour ahead to a minimum of 92.00. If you find this analysis useful kindly like and share. Thank you
3 Confirmation Buliish shark, Divergence and Double Bottom even 3 Bottom