Dxy leading diagonal idea!
Macro dxy has lots of bearish div on many timeframes!this pattern looks near to complete! This is the last retracement at the 1.618 same as on wave 3 retracement! There are upper extention levels up to the 120 area but anywhere betwen here and there looks as a double top on weekly chart is forming! Initial target for leading diagonal or accumulation cyllinder is anywhere from the bottom of 2 wave in elliot or the true 1-1 for a double bottom! This may be the end for some time of bearish scenerios in current markets! Dxy corrolated on dumps and pumps at certain times so I would use moving averages as a focal point moving forward such as bullish and bearish crossings of the 21/55 ema and the golden cross of the 55/233 as confirmations !
* Its truly possible we retace .50 or 50% and do one more 1-1 pump of its last move!Watch moving averages they dont lie!
* Its truly possible we retace .50 or 50% and do one more 1-1 pump of its last move!Watch moving averages they dont lie!
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