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DX Confirms It’s Bottoming

Published 05/10/2016, 10:05 AM
Updated 07/09/2023, 06:31 AM
DX
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DX Daily Chart

The DX has Retraced to its Price Channel Top After Its Critical Decision Wave — That Confirms It’s Bottoming

The Dollar Index has retraced to its price channel top after its critical decision wave–that confirms it’s bottoming.

It could break out here, retest the channel top, and blast off, or it could pierce the channel top and then head down to a lower low as part of the bottoming process.

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