MatthewDixon

What can we deduce from #DXY?
Is there a correlation with risk assets, #XAU #OIL ##SPX #BTC #ETH #Crypto ?
It seems to me that there is a correlation, as we see highs and lows in the #Dollar since 2009 financial crisis, do correspond with turning points in risk assets.
$BTC shown here since inception.
Right now we are at a point of decision for $DXY which infers a potential crossroads in risk assets.
Your feedback/thoughts appreciated 🙏

5 RULES I NEVER BREAK IN TRADING!
Never use a "desired" profit of loss amount as your target. Use TA to determine entry, exit stop-less levels
EXCEPT in the case of preplanned DCA, NEVER add to a losing position.
I NEVER base a trade on Elliott wave alone. Its a great framework on which to add indicators but too subjective on its own.
NEVER follow the crowd. Listen to others but make your own decisions.
ALWAYS stick to a firm set of rules AND keep records!
What rules have is missed? 🤣
ACTUALLY RULE #6 - NEVER BE DOGMATIC because even the best get it wrong sometimes 🤣

5 RULES I NEVER BREAK IN TRADING!
Never use a "desired" profit of loss amount as your target. Use TA to determine entry, exit stop-less levels
EXCEPT in the case of preplanned DCA, NEVER add to a losing position.
I NEVER base a trade on Elliott wave alone. Its a great framework on which to add indicators but too subjective on its own.
NEVER follow the crowd. Listen to others but make your own decisions.
ALWAYS stick to a firm set of rules AND keep records!
What rules have is missed? 🤣

We are at a very important crossroads for #DXY
On the monthly chart we havent closed below support since the financial crisis in 2008/9 and I doubt we will now.
IF Geopolitical issues re-escalate then #Dollar will push higher and risk assets #BTC #Crypto etc will head down