I spotted the Head & Shoulders pattern in the DXY chart and share it with you here.
It has slope down and it fortifies the short idea.
The Neckline is located around 89.30-89.40 level.
The calculated target is set at the 87.90 level. (Neckline minus Head's Height)
It has slope down and it fortifies the short idea.
The Neckline is located around 89.30-89.40 level.
The calculated target is set at the 87.90 level. (Neckline minus Head's Height)
Note
Approaches the Neckline. Watch breakdownOrder cancelled
The price behavior doesn't fit the pattern anymore.
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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.