EamesAnalysis

DXY to resume downtrend soon?

TVC:DXY   U.S. Dollar Currency Index
It seems that DXY has been acting within this price range for some time and I have seen it as a more complex pattern.
This is the fist time I have posted a WXY formation so any guidance or pointers on these is appreciated, as with all trading knowledge.
I anticipate price to continue upwards and finish around the trendline .
If that is the end of the correction, then the downtrend can resume.
If that is incorrect and the correction is becoming more complex, then you may experience a short lived breakout of the trendline .
Nice short opportunity to buy, but be wary of the downtrend resuming.
Thanks.
The upwards move did not go as far as expected, still, I would not have traded the upside.
I would've waited for the downwards move to resume. A corrective pattern may be forming on the trendline to indicate further possible downside.
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EamesAnalysis EamesAnalysis
The upside break of the trendline and quick pullback would have removed any room for downside.
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