2021-01-27

DOLLAR INDEX

IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
DOLLAR ON 4H CHART IS FORMING MANY CHART PATTERNS,SOME OF THEM ARE BULLISH WHILE THE OTHERS ARE BEARISH,BUT NOTICE ONLY ONE SO FAR  IS REAL OR VALID ,WHICH IS A SYMMETRICAL TRIANGLE INTO THE POTENTIAL BIGGER INVERTED HEAD AND SHOULDERS, WE KNOW SYMMETRICAL TRIANGLE WILL FOLLOW THE PREVAILING PRICE TREND , SO THEAORETICALLY IT IS LIKELY TO BOOST THE BOTTOM HEAD AND SHOULDERS TARGET
BUT IN ELLIOTT THEAORY WE KNOW, ANY SURGE WITH THREE MOVES  IT‘S  A CORRECTIVE IN NUTURE  USUALLY FOLLOWED BY FALLING TO NEW LOW,SO I ANTICIPATE DOLLAR  CAN RISE NO MORE THAN 91 THEN HEADING LOWER TOWARDS 89 -88 RANGE. BUT FIRST WE NEED DOLLAR BREAKSDOWN 89.89 LEVEL TO CONFIRM THIS PERSPECTIVE