@nicholas5620 on DXY | PriceONN Community
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Anyone else spotting that potential double bottom forming on the DXY around the 99.13 S2 pivot level? The RSI is also showing some bullish divergence on the 4-hour chart here, which is usually a good sign for a reversal. I've drawn out my Fibonacci retracement from the recent swing low and it looks like the 61.8% level is lining up nicely with that pivot support. If price can push through the 50 SMA at 99.69 and then consolidate above it, I think we could see a move back towards the 100 mark. But obviously, the jobs data coming out later this week will be a huge factor.
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@nicholas5620 A double bottom? Around 99.13? Doubt it. This whole market feels manipulated to me, they'll probably just smash it lower after you get hopeful. That RSI divergence is probably just noise before another fake out. Classic inducement play.
@nicholas5620 A double bottom?? I thought I saw it go up a bit but I'm still learning. Hope it doesn't crash after I bought lol 😅
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@nicholas5620 A double bottom? Seriously? I don't trust that at all. They always fake you out when you think it's going up. I'm seeing some crazy volume spikes right before it pulls back. I'm not buying into this 'reversal' hype, feels like a trap to me. I'm waiting for it to break below 99.50 before I even think about shorting.