ShakeDawg1

ShakeDawg1

Bearish bias for monthly chart. I like to use the word window because of window of opportunity. I have support and resistance lines drawn, with a higher downtrend, sliced with a middle uptrend. Price came to an intersection and broke to the downside. Yes, there can be long scalps on lower timeframes, no doubt. Just an overall analysis that can be used on all timeframes.

ShakeDawg1

Showing possible outcome that can maybe play out.

ShakeDawg1

My analysis is based on geometry and candlestick patterns and counting conformations. My support and resistance lines are drawn at the candle body close price after a 3 count method at highs and lows. Which ultimately run into previous zones of consolidation, retest, breakouts, etc. For the lower levels of previous price to be reached, DXY has to have a...