DXY double bottom measured move completed

מעודכן
Just look at how far the purple line is from the yellow line on the monthly RSI. The US dollar is due for a correction.

As you can see it shot up 12% from the neckline of this double bottom pattern which is the exact measured move and started retracing on the shorter timeframes from about 111.8. I could see it going higher maybe to 113 or even 115 but I think we are very close to the top of this impulsive wave.

Good luck
הערה
The DXY is now at support
הערה
תמונת-בזק
הערה
If daily RSI can't cross the 70-75% ish line, we have a local top forming on DXY, which could be very bullish for equities for the next few months
Chart PatternsTechnical IndicatorsTrend Analysis

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