At the moment, I am looking at this price action as a fakeout!
DXY 4h broke above the trendline but as we can see on the Daily chart, that the current candle is showing a huge upper wick. DXY 4h is also showing RSI bearish divergence! -> I would prefer to wait 1 more candle (in 3H) to confirm it. (Update will be posted) It is not a huge divergence but it exists nevertheless.
I will change my bias from fakeout to a breakout once daily closes above that descending trendline.
Not
Previous candle closed below trendline and confirmed RSI bearish divergence.
Still waiting for daily candle close to call it a fake out.
Not
Not yet sure whether the downsloping channel has been broken. I would need some more confirmations!
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.