The technical term of the day: Bearish Flag Pattern
$DXY
1. Preceding downtrend (flag pole)
2. Upward sloping consolidation (bear flag)
3. Retracement
4. Top of flag or breakout below low of lower channel
5. Look for prices to break lower with length equal to size of flag pole
$DXY
1. Preceding downtrend (flag pole)
2. Upward sloping consolidation (bear flag)
3. Retracement
4. Top of flag or breakout below low of lower channel
5. Look for prices to break lower with length equal to size of flag pole