Dollar Index Observation
Updated
Watching DXY for bullish movement, especially with the holiday and Black Friday approaching in the States. The bullish movement would complete a 4th wave before the bearish move to an imbalance area below.
Trade active
Continuing to observe DXY movement. Bearish momentum didn't allow for the 3rd wave retracement to reach 50% or to complete the head & shoulders target. 5th wave completion target remains the imbalance area below.
Note
The harmonic crab pattern is complete. Above is a potential retracement path to bearish entry.
Trade closed: target reached
The initial target of 102.992 established in November, 2022 was reached. The potential retracement did not play out.
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