DXY to Continue Correction

8 Şub 2017

DXY's recent low did not bounce from a major fibonacci level...rather just short of one. Based on two fibo-fans I'm looking at a further move down, first to 99.18 then to 97.80.

8 Şub 2017

Not

8 Şub 2017

Not

Thinking we may see an inverted cup and handle instead.

1 Mar 2017

Not

Lesson on this one...don't use fibo fans to forecast. Fibonacci will work across many end points. Use swing high to swing low, printed start and end points.