A simple, but major update to my previous post, below:
DXY is near a crucial decision point where it will either maintain it's long-term uptrend or decide to spend more time correcting. DXY also shows negative correlation with crypto and stock markets.
> Maintains Uptrend - if we see a successful re-test of the upper trendline after having broken above it, expect a move back above 112 to 115 -> 118+. This would make me consider going short in crypto and stock markets.
> Further Correction - that same re-test could fail via a successful Head/Shoulders pattern, and take DXY back down towards its lows around ~90. In this case, I'd expect further correction to the upside in crypto and stock markets.
Previous post:
DXY is near a crucial decision point where it will either maintain it's long-term uptrend or decide to spend more time correcting. DXY also shows negative correlation with crypto and stock markets.
> Maintains Uptrend - if we see a successful re-test of the upper trendline after having broken above it, expect a move back above 112 to 115 -> 118+. This would make me consider going short in crypto and stock markets.
> Further Correction - that same re-test could fail via a successful Head/Shoulders pattern, and take DXY back down towards its lows around ~90. In this case, I'd expect further correction to the upside in crypto and stock markets.
Previous post:
הערה
Not a good sign for crypto and stock markets in breaking back above the H/S neckline here. If this gets/stays above the yellow line around 105, we're headed to 118+
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פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.