Luckily, I spotted a classic reversal pattern right on the edge of triggering.
The combination of three peaks, with the tallest in the middle, has formed a Head & Shoulders chart pattern on the Dollar Index futures daily chart.
The right shoulder is almost complete, and the bearish trigger will be activated if the price breaks below the Neckline (the line connecting the valleys of the Head), which sits under 105.30.
The target is calculated by subtracting the height of the Head from the Neckline breakdown point, giving us a target around 103.10.
The RSI indicator is also on the edge. Watch for a breakdown here as additional confirmation.
The combination of three peaks, with the tallest in the middle, has formed a Head & Shoulders chart pattern on the Dollar Index futures daily chart.
The right shoulder is almost complete, and the bearish trigger will be activated if the price breaks below the Neckline (the line connecting the valleys of the Head), which sits under 105.30.
The target is calculated by subtracting the height of the Head from the Neckline breakdown point, giving us a target around 103.10.
The RSI indicator is also on the edge. Watch for a breakdown here as additional confirmation.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.