It appears DXY is nearing the end of a down wave. If the blue count above is correct, then DXY is poised to rally back to 106-108.
I can count the minimum waves in place for the downtrend to be completed. There might be another jab lower, but this downtrend is mature and in need of a bounce. Pricing above 105.05 increases the odds this Elliott wave count is playing out.
I can count the minimum waves in place for the downtrend to be completed. There might be another jab lower, but this downtrend is mature and in need of a bounce. Pricing above 105.05 increases the odds this Elliott wave count is playing out.
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Are you ready to learn Elliott Wave? Take our Free Elliott Wave Readiness Assessment: bit.ly/EWreadinessquiz2
seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
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.