Crude chart depicting what a crash in the Q1 of 2024 may look like as it relates to
DXY
Similar scenarios could occur across multiple markets including the
BLX
and
XAUUSD
Depicted here showing
DJI
making a double top with a slightly higher ATH as the US Dollar Index re-tests monthly support and the top of a falling wedge before rocketing up above its recent highs and heading towards its 1985 ATH.
Below are a few more detailed looks at
DXY
- its falling wedge, an older weekly chart talking about this, and finally zooming way out to see its potential for revisiting the '85 ATH, or higher:
Dollar Index Falling Wedge Breakout
Original Post - Market Recoveries be Wary of DXY
Potential for Revisiting ATH and/or breaking it
Also, a couple of examples of how it correlates with the Bitcoin
BLX
& Crypto Market, plus a crude example similar to the one in this post showing Gold Spot Market
XAUUSD
Macro Negative Correlation with Bitcoin
Crude Example - Gold Spot Market
DXY
Similar scenarios could occur across multiple markets including the
BLX
and
XAUUSD
Depicted here showing
DJI
making a double top with a slightly higher ATH as the US Dollar Index re-tests monthly support and the top of a falling wedge before rocketing up above its recent highs and heading towards its 1985 ATH. Below are a few more detailed looks at
DXY
- its falling wedge, an older weekly chart talking about this, and finally zooming way out to see its potential for revisiting the '85 ATH, or higher: Dollar Index Falling Wedge Breakout
Original Post - Market Recoveries be Wary of DXY
Potential for Revisiting ATH and/or breaking it
Also, a couple of examples of how it correlates with the Bitcoin
BLX
& Crypto Market, plus a crude example similar to the one in this post showing Gold Spot Market
XAUUSD
Macro Negative Correlation with Bitcoin
Crude Example - Gold Spot Market
