Short

DXY - Pattern Entering last subdivisions

Updated

The Dollar DXY and DX are now down into at least the middle of this internal wave iii of v.
Whether there's an extra set of lower degree 3's and 4's to deal with is yet to be seen, however, the chart says it best.

Note

Note

While we can take the simple route for the wave IV, there's another pattern need to be aware of...a much wider wave IV Triangle that has us in wave c with d and e to go before down in 5. An expanded Flat would be another choppy way to have everyone wrong footed before the turn, so don't be surprised if this turns out to be a little more involved than what's been happening up to now.

Note

Whilst the 91.01 is the wave 1 overlap for confirmation, I've eliminated the simpler option for 5 and have the larger Triangle 4 with price now in wave C as the count as mentioned in the previous update. It's been some time for a wave 4 triangle and this fits the profile for generating the most hesitation and the most capital.

TTCSteve

Also on:

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.