Dollar Index with very bullish patterns

2 พ.ค. 2023

Hey traders!
Seems like since few days we have nice accumulation patterns on Dollar Index. Sellers loosing power in last two days and buyers taking slowly control. Very strong buying waves on the last highs give extremely bullish patterns.
Trading around upper channel line is giving information that buyers try to go high buy still they absorb short selling. the dollar index is weighted by the euro in 57%, so if the breakout accrued on this chart EURUSD should be traded short.
Indicators used to market analyses:
Wyckoff Wave Chart
Wyckoff Wave Volume
Wyckoff Wave Trend