U.S. Dollar IndexShort
DXY - Dollar Heading Into Final Sub-sections
Updated
The US Dollar Index DXY/DX count has price in the final leg of the wave 3. Which leaves only one more set of 4 and 5 remaining once this 3 is complete possibly down in the 89 zone....with 5 completing in the 88.50-88 as the primary target to complete a much larger degree pattern wave C of ii.
Alternately, this could be just wave iii of 3 that requires an additional wave iv and v, but either way we should start to see volatility into the end of this wave C...with most players finally capitulating and swinging to the short side, typically in an area they shouldn't.
This pattern suggests that once this bottom completes we should see a Bull rally in the Dollar that waters the eyes into 2019-2020.
Alternately, this could be just wave iii of 3 that requires an additional wave iv and v, but either way we should start to see volatility into the end of this wave C...with most players finally capitulating and swinging to the short side, typically in an area they shouldn't.
This pattern suggests that once this bottom completes we should see a Bull rally in the Dollar that waters the eyes into 2019-2020.
Note
While the v of 3 extended a tad past the 89 zone, the count remains in place and we are likely playing in the wave 4 before completing the 5 and the larger C of ii. Moves above 92.80-93 would suggest bottom is already in place...and on the way MUCH higher.
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