DXY's April did line formation, regardless of your strategy !

Valutaindex för U.S. dollar (TVC:DXY)

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TVC:DXY Valutaindex för U.S. dollar

Weather you are Bullish or Bearish, 9 months of formation so far should be observed to say the least!

wish you all the best.

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Breaking this, we could see Triangle's target of 79.xxx

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Still holding in there. This week is a key week for DXY.

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SPX is possibly forming right here guys in this DXY chart. Two wedges (different sizes) One on SPX 5th Elliot wave and one on DXY also an 5th Elliott wave, to be watched to say the least.

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Possible bullish break out here, if confirmed with a better retest of the line targets
are:
1/ 94.2xxx 2
2 / 100.xxx
3/ wedge ultimate bullish break out target is 99.xxxx

wish you safe trading.

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Possible retest of the broken wedge. Or a bull's trap !!! watch the line these couple

of days.

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Still playing with line for the second time.

I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.

****** Past performance is no guarantee of future results***

twitter.com/samitrading1

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