DXY - 13Apr2022
On the daily, DXY convincingly closed above major 78.6% Fib resistance at 100.04. For now price is overbought and daily Stochastic is at resistance, we could expect a pullback from 1st Resistance at 100.49
On the H4, latest price action have been revised to Wave 3. Both price + H4 Stochastic is at resistance therefore we could expect DXY to pullback/consolidate for Wave 4 complex correction.
In addition H1 Stochastic has been forming negative bearish divergence.
This is for personal work record purposes only, not financial advise or solicitation of trade.
On the daily, DXY convincingly closed above major 78.6% Fib resistance at 100.04. For now price is overbought and daily Stochastic is at resistance, we could expect a pullback from 1st Resistance at 100.49
On the H4, latest price action have been revised to Wave 3. Both price + H4 Stochastic is at resistance therefore we could expect DXY to pullback/consolidate for Wave 4 complex correction.
In addition H1 Stochastic has been forming negative bearish divergence.
This is for personal work record purposes only, not financial advise or solicitation of trade.