Broadening Wedges, Descending. The price has touched the wedge only 2 times on both the support and resistance trend line. So price might reject again between 12571 and 12537 before breaking out through the resistance trend line.
Waiting for a pattern to form, but I am thinking this might happen.
Price on the DXY seems to have broken and closed below the 10 Sep Low. I wonder if this breakout is false. If it is, we might start seeing USD gaining sttength.
I saw a head and shoulder pattern forming, but thought the neck would be broken later than it already has. And we seem to have a Broadening Wedge, Ascending.
I saw some pattern of this form on the DXY chart from a little while ago where a new lower low was formed and it looked a little similar to this current H4 chart of NASDAQ.