On the 4H chart, U.S. Dollar Index Futures are approaching a technically important reaction zone after completing a Bullish Butterfly harmonic pattern. The pattern terminates inside a well-defined PRZ (Potential Reversal Zone) around the 97.60–97.25 area, which also overlaps with a prior order block. This confluence makes the current region highly relevant for a possible bullish reaction.
After the strong selloff from the recent highs, price has now reached a zone where downside momentum may start to fade. In addition, RSI is trading in a weak area, suggesting the market is already stretched on the downside. That does not guarantee an immediate reversal, but it does support the idea that sellers may be losing momentum near support.
As long as price holds above the lower boundary of the PRZ and the stop-loss area around 97.25, a recovery move toward the next Fibonacci retracement levels becomes increasingly likely. The first upside targets are located near the 38.2% retracement, followed by the 50.0% and 61.8% levels, with the latter sitting around 99.30 and acting as the main bullish target in this setup.
The bullish idea would be invalidated by a clear break below the PRZ and stop-loss zone, as that would suggest the harmonic support has failed and sellers remain in full control.
Overall, this is a countertrend bullish setup inside a larger bearish move, so confirmation through price action is important. If buyers defend the PRZ, the chart offers an attractive rebound opportunity with a favorable risk-to-reward structure.
After the strong selloff from the recent highs, price has now reached a zone where downside momentum may start to fade. In addition, RSI is trading in a weak area, suggesting the market is already stretched on the downside. That does not guarantee an immediate reversal, but it does support the idea that sellers may be losing momentum near support.
As long as price holds above the lower boundary of the PRZ and the stop-loss area around 97.25, a recovery move toward the next Fibonacci retracement levels becomes increasingly likely. The first upside targets are located near the 38.2% retracement, followed by the 50.0% and 61.8% levels, with the latter sitting around 99.30 and acting as the main bullish target in this setup.
The bullish idea would be invalidated by a clear break below the PRZ and stop-loss zone, as that would suggest the harmonic support has failed and sellers remain in full control.
Overall, this is a countertrend bullish setup inside a larger bearish move, so confirmation through price action is important. If buyers defend the PRZ, the chart offers an attractive rebound opportunity with a favorable risk-to-reward structure.
تم فتح الصفقة
أغلقت الصفقة: تم الوصول للهدف
Take Profit 1 reached
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.