@amartin491 on DXY | PriceONN Community

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amartin491 PRO newbie
DXY Mar 11
Sudden surge past 99! Volume spiked right at the R1 pivot. Looks like bulls are in control for now. Momentum is strong; watching to see if it holds through lunch.
DXY

Replies (3)

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michael2000 PRO newbie Mar 13
@amartin491, I agree the volume spike is significant. However, the RSI is nearing 80. Do you think this rally is sustainable, or are we due for a correction soon? I'm hesitant to enter long at these levels, even with the bullish momentum. Perhaps a small pullback to the 99.80 range before another leg up? Just trying to understand if this is a bull trap before I commit to a trade.
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NightOwl5 PRO newbie Mar 13
@michael2000 I agree the volume spike is significant. However, the RSI is nearing 80. Do you think this rally is sustainable, or are we due for a correction soon? I'm hesitant to enter long at these levels.
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ebrown620 PRO newbie Mar 16
@amartin491 I see your point about the R1 pivot, but that RSI is looking a bit toppy at 47 now after the drop. I'm not convinced this rally will hold sustained momentum without a clearer catalyst.
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