DXY. Should it stay or should it go?

2018年7月5日

Two signal on DXY which countersay to each other:

Bearish: Local trend plus a zigzag development which looks like an expanded flat.
Bullish: Stoch RSI overbearish plus lack of one more impulse up in a 5-waver up plus Fork´s LMLH.

Who wins? We don´t know but possible target zones are set

2018年7月6日

註釋

So, it broke the fork and supposely started a movement to a lower target. But be careful with the intermediate bounce zone as it can easily get to backtest the fork, getting over previous local highs (where most people place their stops)

2018年7月6日

註釋

Most retail and pro traders of course. Institutional do not give a heck about these things =)