U.S. Dollar Currency IndexViés de baixa
Update on DXY (August 6, 2021)
If you remember my analysis on DXY (Daily Chart), I predicted big wave C to retest the previous wave 4 at 93.50 before continuing its way down for a new bearish cycle.
Zooming at the 4H chart, Wave C, which was constituted of 5 waves up with wave 5 as a rising wedge, broke out and started its ABC correction which could be considered new wave 1 in the new cycle.
Anyway, looking at this chart now, DXY went 5 waves down and started its small ABC correction which I expect to retest 92.52 before continuing its way down.
As wave C broke the 100% Fibonacci Extension, I ended up choosing the 161.8% Fibonacci Extension (92.52) as a critical retest area for the bearish scenario.
Zooming at the 4H chart, Wave C, which was constituted of 5 waves up with wave 5 as a rising wedge, broke out and started its ABC correction which could be considered new wave 1 in the new cycle.
Anyway, looking at this chart now, DXY went 5 waves down and started its small ABC correction which I expect to retest 92.52 before continuing its way down.
As wave C broke the 100% Fibonacci Extension, I ended up choosing the 161.8% Fibonacci Extension (92.52) as a critical retest area for the bearish scenario.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.