๐ต Dolla Dolla Bills Y'all. (DXY)
๐ฏ The almighty usd is at a critical point of Resistance as it compresses for a major move.
The green triangle is your zone of compression. I analyzed this chart not too long ago and spoke about how this Resistance level would be a strong level. We continue to fight as the monthly and 2 month start to compress and shift red with the ema dots indicator below. Once the support or resistance on the triangle breaks that will show you the next multi year cycle of where the dollar wants to go. Breaking down would result on a lower low and a lower high on the major view of dxy.
It almost resembles the same patter from 1986 to the early 2000s, a massive cup pattern.
A breakout to the upside would be extremely bullish.
Major long term support is the green arrow on the bottom of the long term downward channel that we are currently in. Keep on printing that mooolahh ๐ค
Hope this helps! Have an awesome trading week! ๐ฅณ
๐ฅMLT | MAJOR LEAGUE TRADER
The green triangle is your zone of compression. I analyzed this chart not too long ago and spoke about how this Resistance level would be a strong level. We continue to fight as the monthly and 2 month start to compress and shift red with the ema dots indicator below. Once the support or resistance on the triangle breaks that will show you the next multi year cycle of where the dollar wants to go. Breaking down would result on a lower low and a lower high on the major view of dxy.
It almost resembles the same patter from 1986 to the early 2000s, a massive cup pattern.
A breakout to the upside would be extremely bullish.
Major long term support is the green arrow on the bottom of the long term downward channel that we are currently in. Keep on printing that mooolahh ๐ค
Hope this helps! Have an awesome trading week! ๐ฅณ
๐ฅMLT | MAJOR LEAGUE TRADER
