TheDane

TheDane

I decided to give a go at the Dollar Index given the circumstances around the world. And to be honest, I tried to put on the positive glasses. I believe the dollar has been in a complex correction since the mid 80's. Starting out with a large dump in '85 with the a-wave, the correction slowed down and only grew more and more complex. Thought about current wave: ...

TheDane

I believe XAG has finished the blue ((c)) of green (iv) with an ending diagonal, and now doing the first 1-2 of the green (v) wave of gray ((c)). The price might do a very small retrace to 31.12 before starting a 3rd wave down. I believe the green (v) is going to the green box area at 28.15 - 27.40 area. But I actually have a weekly trendline lower down, which...

TheDane

This is the read that makes most sense to me. And I have zoomed all the way into 15m, for you to be able to see my thoughts around it all. For that wave down from April 2nd to April 7th to make any sense to me, I have labeled it as W-X-Y to complete (A). At first I had labeled it as a diagonal, but then price should not have retraced as much as it has since April...

TheDane

I had to correct my reading of AUDUSD, and taking another look at it, it also makes more sense now. It had a little more correction to finish, and I believe it has now finished the correction it has been in since '21, and here finished what I call the Z wave. Now I'm waiting for the pullback into the green box in the area of 0.60588 - 0.60244 where it will finish...

TheDane

The read I like most now, is we had a Failed 5th on my Elliott Count, and we have now started a new Impulse. Currently we are finishing the 1st wave, so I will wait for price to come back into that green box, and then I will look for buys.