This rebound in DXY was predicted a week ago, when I highlighted a potential bullish shark completion around 96.50.(See related idea)
It went to 96.25 before rebounding yesterday.
Going into next week, I am expecting DXY to continue slightly higher to test 97.15 before it resumes its fall again.
At 97.15, it will complete an alt bat pattern.
Stocks should take a breather for now and might resume its upwards move next week after DXY completes this alt bat.
Good luck and good trading!
It went to 96.25 before rebounding yesterday.
Going into next week, I am expecting DXY to continue slightly higher to test 97.15 before it resumes its fall again.
At 97.15, it will complete an alt bat pattern.
Stocks should take a breather for now and might resume its upwards move next week after DXY completes this alt bat.
Good luck and good trading!
Note
Either a normal bat or an alt bat, both possible.
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Related publications
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.