Today I bring DXY . This is a follow up on an idea I have recently sheared titled "Dollar$ Down"
• The DXY didn't push down as expected but instead continued to go up correctively to for a larger ascending type correction. • Nothing much has changed in the HTF as we seem to have just got out reversal impulse to the downside after price has formed a LTF ascending/ expanding type structure. • We did break and form LTF continuation corrections (See analysis here HTF: LTF : ) and now price has reached the 90% of the LTF correction.
• It would be best (in my opinion) to wait for price to break pass the 90% and form another possible continuation correction. • If price does not push pass but instead rejected or form any type of LTF reversal Patterns I will not look to jump into this trade as the HTF and LTF will have conflicting Bais.