DXY. Should it stay or should it go?

5 ביולי 2018

Two signal on DXY which countersay to each other:

Bearish: Local trend plus a zigzag development which looks like an expanded flat.
Bullish: Stoch RSI overbearish plus lack of one more impulse up in a 5-waver up plus Fork´s LMLH.

Who wins? We don´t know but possible target zones are set

6 ביולי 2018

הערה

So, it broke the fork and supposely started a movement to a lower target. But be careful with the intermediate bounce zone as it can easily get to backtest the fork, getting over previous local highs (where most people place their stops)

6 ביולי 2018

הערה

Most retail and pro traders of course. Institutional do not give a heck about these things =)