mapisdeal
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since Jan 21, 2022
chartpattern
trendanalysis
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With volume decreasing, OBV ready for continuation it looks like this fractal could play out. DXY bounce would fit in this narrative plus macro isn't to good and yield curve most inverted since 1980. Scenarios from 72 and 2000 are in fact even worse 50% down in 2 years so this is an optimistic scenario. Markets can be irrational very long time and DXY vs inflation...
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I am expecting higher high with bearish divergence or double top: we touched VWAP and there is some kind of diagonal resistance, filled monthly FVG. The daily is broken so v shaped top is in play too. I'd like to see retest to have a nice entry and down to 4.2. If that won't hold then lower to finish the pattern.
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