The DXY Chart is showing a strong inclination toward a Head and Shoulders pattern that may very well occur if there is enough bearish sentimentality.
This is the first Index chart, more details to follow.
Best,
This is the first Index chart, more details to follow.
Best,
Commento:
Although the completion of HS is imminent (93.2 level for S), there is also an emergence of an Ascending Wedge on the 4h chart. Typically bearish pattern.
Trade chiuso: stop raggiunto:
Broadening Wedge of the 4h chart successfully played out and passed 93.2 level.
Stop Loss triggered - HS pattern invalidated - broadening wedge in play
Stop Loss triggered - HS pattern invalidated - broadening wedge in play