mohemati

#DXY possible bullish reverse head and shoulder pattern

Long
TVC:DXY   U.S. Dollar Index
I believe this bearish move, which we are observing in the 1-hour timeframe market structure, is a bearish corrective move. Consequently, there is a possibility of a bullish continuation move in the Dollar.

Upon closer inspection, we can see the formation of a reverse head and shoulder pattern, which is an intrinsically reversal pattern and signals a potential bullish move.

If the price manages to break above this bullish pattern and a short-term bearish trendline, we could assume that our higher timeframe bullish move would possibly continue.

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