DXY - 09Mar2022
On the H4, price action is still indicating complex correction of wave count of (5)-(IV) taking place. Current price action is above daily 61.8% Fib resistance so we could expect price to bounce to 78.6% at 100.02 near future. Stochastic is retreating from resistance today. If price bounces higher today, Stochastic would be forming negative bearish divergence.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the H4, price action is still indicating complex correction of wave count of (5)-(IV) taking place. Current price action is above daily 61.8% Fib resistance so we could expect price to bounce to 78.6% at 100.02 near future. Stochastic is retreating from resistance today. If price bounces higher today, Stochastic would be forming negative bearish divergence.
This is for personal record purposes only, not financial advise or solicitation of trade.