Correction vs. Upside Break: Key Thresholds at 107 and 110

4 feb

My primary scenario is a correction. The current wave structure suggests the completion of an motive wave forming an ‘ending diagonal.’ After testing the 0.618 Fibonacci retracement zone, the market shows signs of a downturn. If the index settles below the nearest support (around 107), a deeper pullback toward 105 and lower becomes possible.

The alternative scenario is a breakout to the upside. The area around 110 serves as the key invalidation level for this scenario: a decisive break above 110 would indicate the potential for renewed growth.

Overall, the outlook points to a high likelihood of a correction. However, if the price breaks above 110, the bullish scenario regains relevance.

DXY DXY DXY

17 feb

Trade attivo

4 mar

Trade chiuso: obiettivo raggiunto

target reached. let's see what happens next