If a day candle closes above 94.00 till 12.07.2018 then the uptrend will continue.
Else if a day candle closes closes below 94.00 but above 93.77 then we should expect a bearish trend after the price tests 94.00. Maybe the price will go sideways a few couple of days.
Else we should expect a strong bearish trend.
Else if a day candle closes closes below 94.00 but above 93.77 then we should expect a bearish trend after the price tests 94.00. Maybe the price will go sideways a few couple of days.
Else we should expect a strong bearish trend.
Comment:
Seems like DXY wants to continue its bullish trend...
Comment:
Oh, no!
It is not so obvious :-(
Seems like DXY is looking for a resistance at 94.4. In that case, it will be the 4-th leg of Elliot Wave and then DXY will fall down breaking the current support/trend line.
It is not so obvious :-(
Seems like DXY is looking for a resistance at 94.4. In that case, it will be the 4-th leg of Elliot Wave and then DXY will fall down breaking the current support/trend line.