It seems that DXY has been acting within this price range for some time and I have seen it as a more complex pattern.
This is the fist time I have posted a WXY formation so any guidance or pointers on these is appreciated, as with all trading knowledge.
I anticipate price to continue upwards and finish around the trendline.
If that is the end of the correction, then the downtrend can resume.
If that is incorrect and the correction is becoming more complex, then you may experience a short lived breakout of the trendline.
Nice short opportunity to buy, but be wary of the downtrend resuming.
Thanks.
This is the fist time I have posted a WXY formation so any guidance or pointers on these is appreciated, as with all trading knowledge.
I anticipate price to continue upwards and finish around the trendline.
If that is the end of the correction, then the downtrend can resume.
If that is incorrect and the correction is becoming more complex, then you may experience a short lived breakout of the trendline.
Nice short opportunity to buy, but be wary of the downtrend resuming.
Thanks.