U.S. Dollar Index
Long
Updated

DXY: a new idea on big scale (EW)

307
After the invalidation of my previous idea on the potential wave 4 (linked below) we should consider a new possibile count. So, as commented into chart i think we are going to test the big broken TL at around 93.
Regariding the count, a break up could means that we are into a new impulsive uptrend move.
I'm monitoring the dxy to trade into XAUUSD (gold) and XAGUSD (silver).
Note
We can notice extensions counfluences on the big TL around 93.0xx: snapshot
Note
So close to 93! snapshot
Note
snapshot
Note
updates: snapshot
Note
snapshot
Trade closed manually
i think that idea of 5 waves up has been abandoned, it looks like we completed an ABC and rejected from the big TL till now: snapshot

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.