Hello Birdies,
Now if we see it from smart money concept we see that.
- DXY was in range since 2014 and in doing so create a bullish rectangle pattern.
- Which had a breakout in April 2022 now we are about to have a retest of the pattern.
- If this is a success and we get a bounce from here it means bearish for indices and crypto.
Now if we see it from smart money concept we see that.
- There is a monthly and weekly block above untested
- And DXY also created an Inducement which is a term used by ICT to mention that there is a FVG above which will be taken
- Means price will revet back to take liquidity so this gives strength to retest
Comentarios:
So we had a bounce from the area as mentioned in the idea
Comentarios:
The perfect bounce
Comentarios:
OMG this is holding and month is closing with an elephant candles
Comentarios:
The idea doing its magic... Double bottom in
