Update - More harmonic patterns make better sell zone
Since my latest analysis for $DXY it has consolidated between 98$ and 100$ and formed 3 more potential patterns.
3 of the patterns complete just below 100$ making sell zone 1 (see in chart) a very strong resistance zone.
2 more patterns - Two Butterfly patterns - Complete near 101.5 and that makes the top of a longer term potential reversal zone in Dollar index.
100$ - Sell Zone one
101.5$ - Sell Zone two
100-101.5$ Longer term resistance zone
Tomer, The MarketZone
This analysis is part of the Weekly Markets Analysis newsletters
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3 of the patterns complete just below 100$ making sell zone 1 (see in chart) a very strong resistance zone.
2 more patterns - Two Butterfly patterns - Complete near 101.5 and that makes the top of a longer term potential reversal zone in Dollar index.
100$ - Sell Zone one
101.5$ - Sell Zone two
100-101.5$ Longer term resistance zone
Tomer, The MarketZone
This analysis is part of the Weekly Markets Analysis newsletters
To read more interesting technical reviews for the week goo.gl/gg59or
To subscribe to the newsletters - goo.gl/HXjCPV
Follow my blog - goo.gl/78KZsl
Subscribe to my Youtube channel - goo.gl/q8dbyT
İşlem kapandı: hedefe ulaştı:
Final target reached. 200 SMA line
