DXY Short term contraction with flat intermediate term momentum and a slight shift in short term momentum. Blue momentum shift up while in the contraction pattern presents a high probability scenario of a short term move up. A break out of contraction can give us a nice expansion move..but which way?
JXY Bearish momunetum off a 123 reversal 1st cycle high after a momentum shift. Short term: a bearish move is a high probabilty scenario. Even being at a cycle low. Contraction here or slighty higher PA and a reset of the cycle indie would be ideal. Short term momentum on the next higher TF (3:1 ratio) holds the clues. And short term momntum on the 60 chart is giving us a high probability of short term bearish PA.
JXY Bearish momunetum off a 123 reversal 1st cycle high after a momentum shift. Short term: a bearish move is a high probabilty scenario. Even being at a cycle low. Contraction here or slighty higher PA and a reset of the cycle indie would be ideal. Short term momentum on the next higher TF (3:1 ratio) holds the clues. And short term momntum on the 60 chart is giving us a high probability of short term bearish PA.
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.
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.