Downloading...
U.S. Dollar Index
Short

DXY - Possible move lower - Wave 3 yet to complete

131
Good evening traders,

The DXY could be set for another leg lower to complete wave 3 on the greater degree before a larger retracement higher to form wave 4.
The DXY is trading between a bear flag formation and has created an a-b-c corrective structure.
A break below the bear flag will attract sellers into the market.

Please share any related ideas,

All thoughts and comments are welcome

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.