DXY in this enormous rally appears to be forming a shakeout reversal top here having gone slightly above previous highs but falling back sharply.
It has considerably overshot the 2.618 Fibonacci extension and I think that would be a likely area for a retracement before potentially continuing up this potential Cycle wave 5.
A sharp retracement here would likely be in tandem with a stock market bounce and FX pairs against the dolllar.
Not shorting.
Not advice.
It has considerably overshot the 2.618 Fibonacci extension and I think that would be a likely area for a retracement before potentially continuing up this potential Cycle wave 5.
A sharp retracement here would likely be in tandem with a stock market bounce and FX pairs against the dolllar.
Not shorting.
Not advice.
Kommentera:
If its not abundantly clear, this call is for a retracement top, not a long term top. DXY is in a wave 5 to go much higher.
Part 1 video uploaded 9 June.
Is the bond market / FED pivot going to rock stocks and crypto 💀?
Crypto focus video coming soon😼.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
Is the bond market / FED pivot going to rock stocks and crypto 💀?
Crypto focus video coming soon😼.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
