The Dollar Index has hastily reached my objective on the Weekly/Monthly timeframe. The question now is will we still move higher. I think we will. Of course, we can make predictions and assumptions, but we wait for price action to tip its hand to us.
I have 3 levels where I am looking for a continuation to the upside next week onwards.
1. There is a New Month Opening Gap coupled with the support of the previous week's high and an old swing high. I am most keen to see how price reacts within this area.
2. Below, there is a Weekly Bisi, albeit a narrow gap. If price gets there, it may be a quick rejection.
3. Even lower, there is the Weekly Wick CE of a previous month. This would be the last area I would look for a long that would break the previous high.
I have 3 levels where I am looking for a continuation to the upside next week onwards.
1. There is a New Month Opening Gap coupled with the support of the previous week's high and an old swing high. I am most keen to see how price reacts within this area.
2. Below, there is a Weekly Bisi, albeit a narrow gap. If price gets there, it may be a quick rejection.
3. Even lower, there is the Weekly Wick CE of a previous month. This would be the last area I would look for a long that would break the previous high.
Comment:
Nice Weekly Bisi left at the first first POI for a continuation. Let's see what happens when market resumes, and if the war in Israel will cause a gap.
R2F
