DXY LONG TERM OUTLOOK H4 Time frame
*For journaling purposes*
We are wedging currently on the H4. Look like we can potentially break out to our Monthly .618 level before further price action. I think price will move higher than lower based off the following reasons:
- MACD created a HL and is back above the zero
ADX DMI confluence. momentum above 45
there is a gap at the local high
I think if we can get a strong rejection in this area that begin the market crash. Will be sure to post more ideas when we get up near the blue monthly trendline. The red line below price represents imbalances levels should we start dropping.
We are wedging currently on the H4. Look like we can potentially break out to our Monthly .618 level before further price action. I think price will move higher than lower based off the following reasons:
- MACD created a HL and is back above the zero
ADX DMI confluence. momentum above 45
there is a gap at the local high
I think if we can get a strong rejection in this area that begin the market crash. Will be sure to post more ideas when we get up near the blue monthly trendline. The red line below price represents imbalances levels should we start dropping.
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