A simple, but major update to my previous post, below:
DXY is near a crucial decision point where it will either maintain it's long-term uptrend or decide to spend more time correcting. DXY also shows negative correlation with crypto and stock markets.
> Maintains Uptrend - if we see a successful re-test of the upper trendline after having broken above it, expect a move back above 112 to 115 -> 118+. This would make me consider going short in crypto and stock markets.
> Further Correction - that same re-test could fail via a successful Head/Shoulders pattern, and take DXY back down towards its lows around ~90. In this case, I'd expect further correction to the upside in crypto and stock markets.
Previous post:
DXY is near a crucial decision point where it will either maintain it's long-term uptrend or decide to spend more time correcting. DXY also shows negative correlation with crypto and stock markets.
> Maintains Uptrend - if we see a successful re-test of the upper trendline after having broken above it, expect a move back above 112 to 115 -> 118+. This would make me consider going short in crypto and stock markets.
> Further Correction - that same re-test could fail via a successful Head/Shoulders pattern, and take DXY back down towards its lows around ~90. In this case, I'd expect further correction to the upside in crypto and stock markets.
Previous post:
노트
Not a good sign for crypto and stock markets in breaking back above the H/S neckline here. If this gets/stays above the yellow line around 105, we're headed to 118+
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.