DXY - Support and Resistance - Reversal? Update
This is an update to my previous DXY publication. Hopefully easier to read.
On May 22nd of 2021, we had a very clear long signal that took us directly up to a clear area of heavy resistance with overlapping TD sell zones after a TD9 weekly sell.
Now, we should watch for consolidation to attempt to push up to one of the resistance lines or a lower high, which will likely send us lower.
Here we should gain insight as to what the crypto and equity markets will do.
On May 22nd of 2021, we had a very clear long signal that took us directly up to a clear area of heavy resistance with overlapping TD sell zones after a TD9 weekly sell.
Now, we should watch for consolidation to attempt to push up to one of the resistance lines or a lower high, which will likely send us lower.
Here we should gain insight as to what the crypto and equity markets will do.
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Watching the monthly resistance line. Lots of time to go, but a close under may signal to get more bullish on equities.
