DXY Here’s the English description of the two scenarios in your chart:
Scenario 1 (Green Path): Price drops from the current level (~98.26) towards the demand zone around 97.50–97.60, finds support, and then rallies sharply, breaking above the 98.80–99.00 resistance zone and continuing higher toward the 100.20–100.40 level.
Scenario 2 (Orange Path): Price first pushes upward toward the 98.80–99.00 supply zone, faces rejection, then falls sharply to the demand zone around 97.50–97.60, before reversing and rallying strongly toward the 100.20–100.40 target.
It's in my interpretation that we are failing to close below lows and are using the bearish candles as support in this range. I'm not opposed to seeing bearish candles print but it seems we have not swept the CRT high necessary, wouldn't you say?
This -FVG (balanced) is holding price down pretty well so far though. It seems you believe this will continue according to the impending distribution after accumulating enough orders?
USDX currently dxy is consolidating in discount zone, also I can see swing low formed in daily chart, expecting upward movement early next week at least
This is the actual framework of this arrangement, the reason we are allowed to go up from here is because it created a bullish engulfing manipulation from a bullish imbalanced range (blue).
I personally been wanting to see the buyside corrected as we have a massively inefficient bearish range (purple) that needs to be corrected and break points that need retesting 🎯
Will we get there? IDK but that's what I would like to see
DXY Here’s the English description of the two scenarios in your chart:
