Short

Dollar index 4th wave correction

Updated

Both these counts (red and black) suggest that the Dollar will undergo a 4th wave correction before embarking on it's 5th wave. The red count is more conventional while the black count takes shape as an ending diagonal which is far more unlikely.

Note

Unless it has already finished 5 waves.

Note

Bounced solidly off the lower trend line and 50% retracement. Interesting to see if it has some gas in the tank now to go for a 5th wave or not.....

tomj2417

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