Updated Version of DXY Longy to 107 range following short to 105
Using technical Analysis and Price action I have came to the conclusion that this move currently is bullish attempting to complete a D extension for a big Harmonic Bearish Butterfly. While its at it its also creating a Bearish ABCD downside and touching a major Supply level.
--Currently DXY has formed a Bullish Cypher that is currently playing out which should push price to the 105 level.
--So DXY is currently a swing long until it reaches near 107 level and we should see massive short back to the 105 level.
--Last confluence point is DXY is pushing up to monthly open so its coming back for that level. If it breaks it easily it's very bullish.
--Knowing how DXY moves it may take the whole next week for DXY to reach 107 so the week after that could be very bearish if this plays out!
--Currently DXY has formed a Bullish Cypher that is currently playing out which should push price to the 105 level.
--So DXY is currently a swing long until it reaches near 107 level and we should see massive short back to the 105 level.
--Last confluence point is DXY is pushing up to monthly open so its coming back for that level. If it breaks it easily it's very bullish.
--Knowing how DXY moves it may take the whole next week for DXY to reach 107 so the week after that could be very bearish if this plays out!