*JOURNALING PURPOSES*
I would like to see DXY take out those relative equal highs, Become euphoric around my 1.618 Fibonacci extension (not shown. If Price accumulates around those levels, I would be looking for a very large move down. On this timeframe, that potential C leg move up may be apart of an 123(ABC) wave of equal measure. It is also in line with a weekly .618 Fib zone.
I forgot to mention price took out the liquidity (EQLs), Then sprung up aggressively(SMART MONEY ENTERED THE MARKET)
I would like to see DXY take out those relative equal highs, Become euphoric around my 1.618 Fibonacci extension (not shown. If Price accumulates around those levels, I would be looking for a very large move down. On this timeframe, that potential C leg move up may be apart of an 123(ABC) wave of equal measure. It is also in line with a weekly .618 Fib zone.
I forgot to mention price took out the liquidity (EQLs), Then sprung up aggressively(SMART MONEY ENTERED THE MARKET)