U.S. Dollar IndexShort
Expecting Further Downside
So far we have a very impulsive 1-2-3-4-5 to the downside and a lot of jagged, choppy, janky looking crap after that (In my opinion).
My rule is if the chart looks janky and you're having a hard time reading it, Most of the time it's a correction which implies it is the counter-trend.
Also, another thing I noticed recently was that the W wave and Y waves have some similarities. I think they look like mirrored images a bit which would reflect the fractal nature of historical trends.
The W wave has a fast A, sharp B down, then janky C.
The Y wave has a janky A, sharp B down, then fast C.
$95.50 is a conservative target, but play at your own risk.
The larger trend lately has been up so this may be just another pullback before we rise even higher after.
My rule is if the chart looks janky and you're having a hard time reading it, Most of the time it's a correction which implies it is the counter-trend.
Also, another thing I noticed recently was that the W wave and Y waves have some similarities. I think they look like mirrored images a bit which would reflect the fractal nature of historical trends.
The W wave has a fast A, sharp B down, then janky C.
The Y wave has a janky A, sharp B down, then fast C.
$95.50 is a conservative target, but play at your own risk.
The larger trend lately has been up so this may be just another pullback before we rise even higher after.
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