Short

U.S. DOLLAR INDEX Sell signal

Pattern: Channel Down on 1D.

Signal: Sell as the price not only got rejected today on the Channel's median but also on the 0.382 Fibonacci retracement level, potentially repeating the previous bearish leg of the Channel Down.

Target: 88.000 (the -0.236 Fibonacci extension).

*Reference* This scenario was captured on my last DXY idea, regarding the potential of the 1D time-frame. Take a look below:

DXY conflicting patterns on the 4H and 1D time-frames.

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