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MrGekkoWallSt

The DXY closed below a 50-year level

Short
U.S. Dollar Index (TVC:DXY)  
MrGekkoWallSt  
TVC:DXY   U.S. Dollar Index
Trend Analysis Chart Patterns
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trendanalysis chartpattern
I believe the index may be in a weekly ABC correction, with a target approximately in the green circle region.

On the monthly chart, the August month-end close below a significant 50-year level appears to reflect the weakness of the dollar.

Pay attention to the upward and downward channels that are in play.

Thanks!
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