TheSecretsOfTrading

DXY - a thing or two about fractals

TVC:DXY   U.S. Dollar Index
This DXY fractal has been working greatly - I found it on the 5m chart and applied it on 4h - and it followed it for a long time. Now the thing you need to know about fractals - is that long candles like the one circled are vulnerable areas where the price tends to detach - we arrived there as you may see - and the price started retracing - It is likely that we will detach from it now and Stocks will start going down - but if not - Expect this fractal to workout and see DXY around 92 in the near future.

Good luck!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.