BullBearMkt

Dollar Index Rising Wedge Almost Complete. Then What's Next?

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TVC:DXY   Valutaindex för U.S. dollar
US Dollar Index is forming a rising wedge on the daily timeframe. If the swing high at 99.37 is violated, then the index still have further upside potential to hit the upper wedge before it collapses to return to the lower part of the wedge. However, there is possibility of the index being rejected at the swing high also. Finally, if the index violated the lower wedge, then price likely to fall with the same height as it rises when the rising wedge was formed...

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