DXY Moving Towards a new ATH or a Double Top?
3M chart here, DXY is a giant falling wedge break-out, re-tested twice and moved up. Measured 1x target takes us pretty much exactly back to where our highest 3M wick stopped.
1.5x or 2x targets would mean new ATH. Stop a 1x = double top, and a brief period of insane strength for US dollar vs the rest of the world, just before it loses more value than ever.
Which sounds more plausible to you, a repeat of 1929 or moving forward into a period of world domination again?
1.5x or 2x targets would mean new ATH. Stop a 1x = double top, and a brief period of insane strength for US dollar vs the rest of the world, just before it loses more value than ever.
Which sounds more plausible to you, a repeat of 1929 or moving forward into a period of world domination again?
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