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Kendrick_Chan

Dollar Index | bearish 1-2-3 pattern with engulfing reversal

Short
U.S. Dollar Index (TVC:DXY)  
Kendrick_Chan  
TVC:DXY   U.S. Dollar Index
Trend Lines Candlestick Analysis 123pattern falsebreakout
6
0
trendline candlestick 123pattern falsebreakout
  • the broken ascending trendline signled the start of 1-2-3 pattern
  • enfulfing candlestick at point 3 confirming the strong reversal
  • the enfulfing pattern also false breaks a major resistance
  • the 4th times 50 SMA was broken, this time seems real
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