DXY - 08Apr2022
On the H4, price action indicates Wave 4 complex correction could be completed and last Wave 5 might be playing out. Stochastic is still at resistance so Wave 5 could be just an quick impulsive but shorter than Wave 3. It would then follow by quick downside possibly at the psychological resistance at 100.00.
In addition, H1 Stochastic is already forming negative bearish divergence.
This is for personal work record purposes only, not financial advise or solicitation of trade.
On the H4, price action indicates Wave 4 complex correction could be completed and last Wave 5 might be playing out. Stochastic is still at resistance so Wave 5 could be just an quick impulsive but shorter than Wave 3. It would then follow by quick downside possibly at the psychological resistance at 100.00.
In addition, H1 Stochastic is already forming negative bearish divergence.
This is for personal work record purposes only, not financial advise or solicitation of trade.