LONG Dollar Index
Pros
Cons
Strategy
- Elliot wave completed, expecting an ABC correction.
- Pullback of 38.2/50.
- Support zone
- Longterm bullish.
Cons
- Downtrend.
- The last peak, may cause a divergence.
Strategy
- Wait for a 38.2/50% correction of the last wave to enter the market.
- I think the position can be closed when (A) was reached, but can manage moving the stop behind the last trough to reach (C).
Note
I hope the new bullish impulse make a RSI divergence to make a correction of 38.2/50 to buy.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.