US Dollar Index possible AB=CD completion att key swing low
The DXY is about to complete an AB=CD harmonic move which complete at key swing low and may give at least a short term bounce to retest the broken structure and the 200 DMA. RSI on daily and 4H Tf is already at oversold area and to expect at least a correction here is very possible. Targets 38,2 and 61,8 fib correction of the CD leg.
Kommentar:
61,8 is also reached which is usually the target two on this pattern, Happy Pips!
Now 38,2 correction is done, usually that is target one on an AB=CD pattern, next TP is 61,8. A very nice performance since the completion of the pattern