DOLLAR INDEX UPDATE... QUITE AN ACCURATE PREDICTION!

in #trading8 years ago (edited)

On the 13th of May i posted this weekly chart

and this is what i said:

"It looks like within a month the DOLLAR INDEX index will break out either up or down on high volume.
According to me, since it has broken the 0.382%, it is more likely to fall to the 0.618%.
What do you think?"

Well, here is the chart again (i did not save it so i drew it again), with the 61.8 FIB being almost hit. After retracing the FIB i found that 96.42 was more accurate. the lowest the dollar hit was 96.45 this week and then bounced up.
Also the cluster of FIB extensions, provided good support.

Coin Marketplace

STEEM 0.22
TRX 0.26
JST 0.040
BTC 98576.47
ETH 3487.76
USDT 1.00
SBD 3.25