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stewdamus

Potential Reverse Head and Shoulders Pattern Spotted

Long
Indice Dollaro americano (TVC:DXY)  
stewdamus Aggiornato   
TVC:DXY   Indice Dollaro americano
Trend Analysis Chart Patterns Technical Indicators DJ FXCM Index dollarindex DXY dollar strong long-term Bullish Patterns interestrates
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trendanalysis chartpattern indicator usdollar dollarindex dxy dollar strong long-term bullish interestrates
While the markets are looking long overdue for a pullback, the dollar, in direct contradiction (as it should be!) looks to be ready to move up (strengthen). A potential reverse Head and Shoulders (H&S) pattern appears like it could be forming on the daily. This coincides with the theory and timeframe of my prediction regarding The Fed's upcoming meeting in June, interest rate increase, and the DJI (see link to related ideas below).
Commento:
snapshot

Re-adjusted Head and Right Shoulder to account for latest price action. Still a strong potential. Keep watching this folks!
Trade chiuso: stop raggiunto:
snapshot

Closing. The pattern has been nullified with the most recent drastic drop!
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Idee correlate

stewdamus
H&S on Bitcoin Dominance Chart Completed. Target Reached. BTC up
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DOW will drop to 25,000 by End of Year
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