Expanded Flat Fib Extension Confluence with Pattern Targets

Multiple levels on the trend-based fib-extension for an expanded flat correction line up perfectly with the pattern targets for a falling wedge breakout and a proposed impending break of the parallel downtrend.

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Depending on how DXY performs:

- If up relatively soon lower or higher high double-tops, depending on how fast
- If down or ranges between 98-105ish, or moves down below 98, new ATH possible

Chart to follow to illustrate these possibilities:

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評論:

Further thoughts on DXY and how it could affect Bitcoin/Crypto and Stock markets shared here: