DXY// Short-Term Posibillities
Diupdate
Looking at things from a purely technical point of view.
-Broken out of the falling wedge
-Key area to form the 2nd shoulder
-Hamonic Gartley Pattern (big)
-Extended W Pattern (small)
Check comments for insight on the Harmonic Patterns.
Price can easily break through the -0.618 level to create a much bigger W pattern, then start a reversal, but as of right now, price is at a key area that may trigger a reversal within the next few candles. Fib is drawn from a previous analysis I did a few weeks back, and I decided to leave it up.
Let me hear your thoughts!
-Broken out of the falling wedge
-Key area to form the 2nd shoulder
-Hamonic Gartley Pattern (big)
-Extended W Pattern (small)
Check comments for insight on the Harmonic Patterns.
Price can easily break through the -0.618 level to create a much bigger W pattern, then start a reversal, but as of right now, price is at a key area that may trigger a reversal within the next few candles. Fib is drawn from a previous analysis I did a few weeks back, and I decided to leave it up.
Let me hear your thoughts!
Catatan
GartleyExtended W
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