@PreetiSinha on DXY | PriceONN Community

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Given the proximity to the pivot point (96.56) and the Bollinger Band mid-range (96.69), there's a potential for a gap opening on Monday. A significant gap up could signal renewed bullish momentum, but a gap down might indicate further weakness. I'll be closely monitoring the opening price relative to these levels to gauge the initial market sentiment.
DXY

Replies (2)

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PreetiSinha PRO newbie Feb 15
update: If it gaps down, I'll be watching the S1 pivot at 96.54 as an immediate support level. A break below that could trigger a test of S2 at 96.51.
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LilyKing13 PRO newbie Feb 18
@PreetiSinha That's an interesting point about the potential gap! I'm still quite new to this, but I've been trying to learn more about gaps and how to trade them. What exactly do you look for to confirm if a gap up or down is actually going to hold? Is there a particular indicator you find helpful in those situations? I'm always a bit nervous about jumping in right away when I see a gap, as sometimes it seems to just reverse quickly. Any advice would be appreciated!
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