DXY Rebound Alert: Prepare for the 104-105 Swing
1D Frame Analysis Update:
Following the detailed insights from our "DXY 1D: A Close Look at the Ongoing Correction Wave" the index has hit the anticipated marks quicker and more profoundly, indicating a stronger than expected momentum.
Immediate Outlook:
We are now eyeing a significant rebound towards the 104-105 area to complete the ongoing correction's second leg. This movement is pivotal and aligns with our comprehensive multi-timeframe analysis, corroborating with monthly and weekly projections.
Strategic Advice for Traders:
For those currently holding long positions, it might be prudent to secure profits in this zone. The upcoming swing to the 104-105 area represents a potential window for re-entering long positions, but caution is advised. Keep a close eye on the price movement and be prepared to act swiftly.
Critical Failing Point:
Following the detailed insights from our "DXY 1D: A Close Look at the Ongoing Correction Wave" the index has hit the anticipated marks quicker and more profoundly, indicating a stronger than expected momentum.
Immediate Outlook:
We are now eyeing a significant rebound towards the 104-105 area to complete the ongoing correction's second leg. This movement is pivotal and aligns with our comprehensive multi-timeframe analysis, corroborating with monthly and weekly projections.
Strategic Advice for Traders:
For those currently holding long positions, it might be prudent to secure profits in this zone. The upcoming swing to the 104-105 area represents a potential window for re-entering long positions, but caution is advised. Keep a close eye on the price movement and be prepared to act swiftly.
Critical Failing Point:
- A daily candle closing outside the lower bound of the ascending channel.
- DXY dropping below the 99.960 mark.
Comment:
DXY may go farther to 106
Comment:
the last move of DXY take the price to the wave 1 territory and break the Base channel .
So far only with the candle wick, but if the daily candle closes at these levels, tomorrow's candle will open outside the channel.
so let us see are we in 1-2-1-2 or Scenario 1 will going to be invalid and we will go to Scenario 2??!!
So far only with the candle wick, but if the daily candle closes at these levels, tomorrow's candle will open outside the channel.
so let us see are we in 1-2-1-2 or Scenario 1 will going to be invalid and we will go to Scenario 2??!!
Comment:
DXY Scenario 2
Comment:
Wave Y finished as a truncate Wave, we have 3 Days candles breaks the price channel of the wave Y.
until now we still inside the main price channel, may we have WXYXZ, or we go all the way down, so keep you eyes on the main price channel.
until now we still inside the main price channel, may we have WXYXZ, or we go all the way down, so keep you eyes on the main price channel.
Trade closed: target reached:
check next Idea:
DXY Descent Alert: Path to 102.800 - 102.280
DXY Descent Alert: Path to 102.800 - 102.280
