DXY half staff pattern? Target $120?
This diamond pattern could be a reversal top pattern with targets around $80 or a half staff continuation pattern with targets of $120.
Due to the demand for dollars due to the current debt load globally I believe this will break you the upside with targets of $120 with possible help from a short squeeze.
A stronger dollar would suggest another decline in equities / stocks and crypto currencies.
Although I believe we break out here in the near term, I also believe the move would be unsustainable and lead to a strong decline to lower lows after we reach our target of around $120.
Thoughts?
Due to the demand for dollars due to the current debt load globally I believe this will break you the upside with targets of $120 with possible help from a short squeeze.
A stronger dollar would suggest another decline in equities / stocks and crypto currencies.
Although I believe we break out here in the near term, I also believe the move would be unsustainable and lead to a strong decline to lower lows after we reach our target of around $120.
Thoughts?
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