DXY

So we had charted this a week ago and we can see how it’s playing out. Now I can't 100% say if this correction for what I believe is wave A will stop directly at the target area because we have a strong demand zone around 93.50 where wave 4 caught support. However, if we did correct that deep then we might be setting up for a head and shoulders pattern but that’s speculation for now. If we get a rip here soon and head back up I would see BTC and markets pull back and retest support areas. As long as DXY continues on this path, next push up would be wave B and the rejection of occurs could be the bottom for markets and BTC . This would insinuate one more bleed out before rip.

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