With Dollar Index the possibility of potential upside fade is looming. This would mean it's a dual fade pattern which is a pattern to confuse and strike.
Should 105 halt the advance of DXY then I'm looking for green Y on the larger fractal pattern. This would mean a sizeable decline but not with the same momentum as the earlier impulsive move to green W.
For mine 103 is the HTF monthly B/O point and ordinarily a swing failure pattern from beneath would give confidence to the bearish campaign. But in this instance the grey B circa 102 is the more meaningful price point.
That said , what I have alluded here on this chart is Fade Setup . The setup should appear in and around that 105 zone as shown . The other price points I mentioned are simply flag points for any trend that may happen afterwards.
This is one of several potential price paths for DXY. It's important to know when the trade hypothesis has been eliminated and then move onto to the next potential opportunity. Thoughts and ideas are subjective the only thing that can keep these in check is objectivity . Pure price is the modality of objectivity and I use that to counterbalance creative thinking.
Should 105 halt the advance of DXY then I'm looking for green Y on the larger fractal pattern. This would mean a sizeable decline but not with the same momentum as the earlier impulsive move to green W.
For mine 103 is the HTF monthly B/O point and ordinarily a swing failure pattern from beneath would give confidence to the bearish campaign. But in this instance the grey B circa 102 is the more meaningful price point.
That said , what I have alluded here on this chart is Fade Setup . The setup should appear in and around that 105 zone as shown . The other price points I mentioned are simply flag points for any trend that may happen afterwards.
This is one of several potential price paths for DXY. It's important to know when the trade hypothesis has been eliminated and then move onto to the next potential opportunity. Thoughts and ideas are subjective the only thing that can keep these in check is objectivity . Pure price is the modality of objectivity and I use that to counterbalance creative thinking.