DXY 1W: current correction Wave Analysis
Updated
we are now in a correction Wave after a 5 impulse waves in the 1M Analysis.
as we saw there we will go to the 93-89 area.
This analysis analyzes the details of the current corrective wave.
as we saw there we will go to the 93-89 area.
This analysis analyzes the details of the current corrective wave.
Note
We are advancing our analysis of DXY by focusing on the correction wave within the 1W frame. For clarity and deeper analysis, we will refer to the ABC Correction Wave identified in the 1M frame as WXY. This allows us to dissect each wave in detail:Structure of the Correction Waves:
* Wave W: Characterized as a 3-3-5 wave, representing the initial phase of the correction.
* Wave X: Identified as an expanding flat wave, signaling a complex intermediate phase.
* Wave Y: Postulated to be a 5-3-5 wave, which forms the final leg of the correction.
* Currently, Wave Y is in the process of forming its first leg, Wave A, which is expected to conclude around 101.
* Wave B is projected to finalize in the 104-105 range.
* Finally, Wave C is anticipated to bring the DXY down to the 93-89 area.
Critical Failure Point:
A key threshold to watch is if DXY rises above 107.5.
Surpassing this point would significantly challenge the current wave analysis, potentially invalidating the proposed wave structure and necessitating a reevaluation.
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