DXY UPDATE

DXY plenty of things has been said on it, since past Thursday. A one week decline of 4% have convinced the majority that a Long term Top has been made on $ at SEPTEMBER high of 114.78. But if we go by CYCLES that’s not the case. DXY, is consolidating under SEPTEMBER highs, and this for now appears a BULLISH consolidation. Major supports are at 104.25-105.50, setup is very strong if this holds, we can even go back to 112-114 in the matter of few weeks.
For long term projections of 120-127 have not gone off the TABLE. Mentioned these levels on post dated 27th,SEPTEMBER, Also in past have mentioned repeatedly, that the strength in $ will certainly break something!
and that something broke last week on CRIPTO MARKETS. so far its contained colaps but will certainly get deeper in days to come. The collateral damage of this would be felt in all FINANCIAL MARKETS.
Whether that effect comes, next week or next month doesn’t matter. But it will come. This CYCLE was finding its victim and most likely it has got that. Would be intresting to see, how this shapes up.