DXY - Wyckoff Market Cycle Theory!

Hello TradingView Family, this is Rich and I found DXY H4 chart interesting, following the famous/great Wyckoff Cycle as per Richard Wyckoff.

First, What is Wyckoff Cycle?

- Accumulation Phase
The Accumulation stage is caused by increased institutional demand.
Bulls are slowly gaining power and as a result, they are poised to push prices higher.

- Markup Phase
Bulls gain enough power to push the price through the upper level of the range.
This is usually a signal that the price is entering the second stage and that a bullish trend is emerging on the chart.

- Distribution Phase
This phase is where the bears are attempting to regain authority over the market.
The price action on the chart at this stage is flat, just like the Accumulation phase.

- Markdown Phase
The Markdown process comes as a downtrend and begins after the Distribution phase.
It indicates that the bears have gained enough power to push the market downward.

on DXY, the cycle phases are highlighted in the picture.

In brief, we are now in the Distribution phase and we are waiting for a breakout below the last low for the bears to take over and the Markdown phase to start.

Meanwhile, until the bears take over, DXY would be overall bullish and can still trade higher.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich