Lots of high volatility chop here back and forth through resistance.
Its been a big run for DXY and it may go higher but if the chop continues through resistance then this is probably a top.
And to be clear that can become a retracement for another wave higher potentially.
If it does rock back it should get back to the log 0.382 @ $99.
But it could also go much lower depending on whether DXY is hitting a major top or not.
If it does fall likely there will be a stock and crypto rally.
Not advice.
Its been a big run for DXY and it may go higher but if the chop continues through resistance then this is probably a top.
And to be clear that can become a retracement for another wave higher potentially.
If it does rock back it should get back to the log 0.382 @ $99.
But it could also go much lower depending on whether DXY is hitting a major top or not.
If it does fall likely there will be a stock and crypto rally.
Not advice.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.