DXY β Reclaim, Retest, Expansion?
Chronological coverage
First seen14 Sept, 16:16DXY β Reclaim, Retest, Expansion?
π΅ DXY has recovered strongly from the recent lows, building a clear sequence of higher highs and higher lows as buyers gradually regained control. Price has now pushed back above the lower zone and is approaching the next major resistance area. The recent recovery looks constructive, but the reaction at the upper zone could decide whether this move turns into another bullish expansion. π Previously: https://www.tradingview.com/chart/DXY/0SPkWkef-DXY-The-Bulls-Are-Losing-Their-Grip/ π Bullish scenario The bullish structure remains intact after price reclaimed the lower zone and continued pushing higher. The rising structure and the recent breakout from the consolidation suggest that buyers are still willing to defend the move. If price breaks and holds above the current resistance zone, the next marked zone becomes the natural area to watch. A clean breakout could bring another leg higher and extend the current recovery. Zone reclaim β resistance breakout β bullish expansion. π Bearish scenario The current upper zone is the main obstacle for the bulls. If price gets rejected here and falls back below the nearby support zone, the recent recovery could start losing momentum. A stronger breakdown through the lower structure would open the door toward the major demand zone below and could turn the current recovery into a deeper retracement. Resistance rejection β support loss β deeper retracement. π― Outlook DXY has made an impressive recovery and is now approaching a major decision point. Buyers have the advantage while the current structure holds, but the upper zone needs to be broken for the next expansion to become more convincing. The reaction around this resistance should tell us whether DXY is preparing for another push higher or returning into the previous range. Hold the lower zone β bullish structure remains intact. Break the upper zone β further upside opens up. Lose the support β deeper downside becomes likely. Recovery β resistance test β breakout watch.
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Follow-up15 Sept, 12:27Dxy
Bear flag at it's latter stages, hopefully an aggressive downtrend after that final touch
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Follow-up15 Sept, 12:38DXY | When Structure Reveals the Dollarβs Next Path
β±οΈ Estimated Reading Time: About 2 Minutes In this update, our focus is on the current DXY structure on the daily chart, where the market is still revealing the pattern following the recent decline. From the higher-degree perspective, we continue to monitor two scenarios. π’ Bullish Scenario If the current structure completes as a corrective pattern and the market then develops a valid motive structure, the probability of further DXY strength will increase. A break of the marked levels could provide additional confirmation for the bullish scenario and potentially open the path toward higher levels. β« Bearish Scenario On the other hand, if the current movement fails to maintain a corrective character and the market develops another valid bearish structure, the probability of a deeper correction will increase. In that case, DXY could continue developing a more complex corrective structure, such as a Double Zigzag or another higher-degree combination. π What Matters Right Now? We do not want to label the structure before the market reveals it. For now, the key is price action around the marked levels and the internal structure of the next move. If the next upside move develops as a motive structure, the bullish scenario gains strength. If price turns lower again and builds a valid bearish structure, the deeper corrective scenario remains on the table. So for now, we have one main question: What pattern is DXY actually building? The market will provide the answer through structure. Structure First. Scenario Second. Patterns whisper. I listen. β Mr. Nobody π§π Chart Note: The chart is set to βLock Price to Bar.β For a closer look at the current structure, simply zoom in on the most recent price action and the marked levels. Dollar Index Jun 7 DXY Structural Analysis: Navigating the Diagonal https://www.tradingview.com/chart/DXY/PBvUyyMm-DXY-Structural-Analysis-Navigating-the-Diagonal/ U.S. Dollar Currency Index Jun 5 The DXY Time Paradox: Monday Engineering & Elliott Wave Dissecti https://www.tradingview.com/chart/DXY/8d1tXmVO-The-DXY-Time-Paradox-Monday-Engineering-Elliott-Wave-Dissecti/
TITradingView Ideas- Follow-up15 Sept, 20:39
DXY 2H | The Next Structure Will Define the Larger Path
β±οΈ Estimated Reading Time: About 2 Minutes Following our daily DXY analysis, we are now moving down to the 2-hour chart to examine what the current movement may be building at the lower degree. In the bullish scenario, if the recent correction has already completed, the market should now be developing a new Wave 1. Therefore, simply seeing price move higher is not enough. Price needs to break decisively out of the marked black boxes and then develop a valid motive structure. If that happens, the bullish higher-degree scenario gains more weight, while structures such as a Leading Diagonal or Nested 1β2 remain possible. However, the bearish scenario is still alive. If price moves slightly beyond the previous peak at the lower degree, but fails to develop a strong and valid bullish structure and then turns lower again, the market could instead be building another corrective structure, such as another Zigzag. In that case, the correction could become deeper and more time-consuming, giving the higher-degree bearish scenario greater importance again. So at this stage, price action and the quality of the structure matter more than the direction of the move itself. If the breakout is accompanied by a valid motive structure, the bullish scenario will strengthen. If the move beyond the previous peak proves temporary and a valid bearish structure develops afterward, the probability of further correction will increase. For now, we let the market make the decision. The higher timeframe gives us the map; the 2-hour chart must show us which path the market is actually building. Structure First. Scenario Second. Patterns whisper. I listen. β Mr. Nobody π§π Dollar Index Future 7 hours ago DXY | When Structure Reveals the Dollarβs Next Path https://www.tradingview.com/chart/DXY/l3moIlU4-DXY-When-Structure-Reveals-the-Dollar-s-Next-Path/
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Latest22h agoDXY (SHORT)
https://www.tradingview.com/x/AyzXLklw/ Dollar index shorts expected as it broke out of trendline and is now retesting the trendline to drop.
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