Dollar Index: Bullish Bat @ the .618
There is a bullish Bat which has completed at 96.80, right in the vicinity of the . 618 retracement at 96.47. There is bullish divergence on this time frame. In addition, this zone is the 1.27 extension of the first wave down. From an Elliott Wave perspective I am even considering this the possible end of Wave 4 -- my count is in my old DXY daily chart which I have linked below.
Entering at this price (96.79) offers a risk:reward of about 1:3, while entering at 96.49 will give a risk:reward of around 1:4.2 (calculated for TP1 of the Bat). For now I am choosing to be patient to see if I can get this better entry.
Please share your own view!
Entering at this price (96.79) offers a risk:reward of about 1:3, while entering at 96.49 will give a risk:reward of around 1:4.2 (calculated for TP1 of the Bat). For now I am choosing to be patient to see if I can get this better entry.
Please share your own view!
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.