Will Dollar index spoil the BNF Budget Rally ?

The BNF on the budget day gave such a massive green candle, now big question is - will there be a follow-up or consolidation or reversal

When BNF is in full swing applying any rational thinking becomes meaningless, the script has texture, nature of its own which is quite dynamic . When it picks momentum it just doesn't listen to itself just keep accelerating :) Good day for all CE buyers.. 300-400-500-900 lol

What caught my attention today is dollar index - it is forming an inverted H&S on a daily time frame. It may or may not break out. but if it breaks out, it does have the capability to pause BNF rally, when I say pause - BNF may consolidate or correct a little.

So keep a watch on dollar index tomorrow and for next few days

Happy Trading
MSK
banknifydollarindexHead and Shoulders

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