DXY - HIGHER TIMEFRAME ANALYSIS Here is the expected DXY path for the incoming weeks. We are working with a complex ABC pattern. We are currently in major wave B ( ZIGZAG Pattern ).
Zigzag pattern ( 5-3-5 ) is made up of 3 waves:
Wave A = 5 waves
Wave B = 3 waves
Wave C = 5 waves
Working with Wave C, we still have subwave 5 in order for major wave B to be completed. What we are looking for now is the completion of subwave 4 around 0.236 and 0.382 Fibonacci levels.
Watching the rejection of the 50 EMA to ride the final leg of wave C.
Will see price will react at the fib levels and update later.
