The DXY has broken its parabolic trend that it has been on for months now, forming a very clear Adam & Eve pattern. The measured move for this pattern indicates a highly likely break of the simple trend as well. (Yellow line)
This could be very good for all asset classes for the short term.
**This is my opinion, based on chart data. This is not financial advice.**
This could be very good for all asset classes for the short term.
**This is my opinion, based on chart data. This is not financial advice.**
Comment:
This may be invalidated. Trade with caution if you are long!
Trade closed: target reached:
This ended up playing out as expected for the most part. 💪