Increasing The DXY Profit Target to $154 From $103
The DXY after catching a rally off a 4-Hour Bullish Butterfly, has reached my price target of $103, and if it gets above that zone, then I think the DXY will have plenty of room to make multi-decade highs due to The High Interest Rates, Tightening Credit Conditions, and The Deflation that is now being priced into the US Bond Market.
If things go as expected beyond the $103 zone, we will likely have entered into a Harmonic Wave Structure that should take us up to the Macro 0.886 Fibonacci Retrace which sits all the way up at $154
The RSI and PPO are both sitting at the mid point which is an area where it can often go just to reset before making higher highs in price.
If things go as expected beyond the $103 zone, we will likely have entered into a Harmonic Wave Structure that should take us up to the Macro 0.886 Fibonacci Retrace which sits all the way up at $154
The RSI and PPO are both sitting at the mid point which is an area where it can often go just to reset before making higher highs in price.
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