DXY RSI Failure Swing and Channel
Left chart:
The daily RSI has a bearish divergence and failure swing (lower low) coming out of oversold territory which suggests a top for the month of October is probably in. A close below the 9-day (pink) moving average is also bearish.
Right chart:
The hourly chart shows price near the bottom of a price channel that is about 1 month in duration. A bounce here could see another high put in this month which would invalidate the RSI failure swing top theory whereas a break outside the channel in the downward direction could validate it.
Time of idea posting 7:20PM NYT 10/5/23
The daily RSI has a bearish divergence and failure swing (lower low) coming out of oversold territory which suggests a top for the month of October is probably in. A close below the 9-day (pink) moving average is also bearish.
Right chart:
The hourly chart shows price near the bottom of a price channel that is about 1 month in duration. A bounce here could see another high put in this month which would invalidate the RSI failure swing top theory whereas a break outside the channel in the downward direction could validate it.
Time of idea posting 7:20PM NYT 10/5/23
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.