Outlook for the DXY
This is what I'm seeing. Just completed C leg in corrective wave. If my wave count is correct, I expect to see the dollar rapidly breakdown to a lower low in the coming weeks. What I find interesting is that multiple indices seem to be completing wave 4 at the same time and are ready to begin the 5th and final impulsive wave to the upside. Including the crypto market. Bubbles will be popping as the DXY finds a bottom.
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.