DXY a wave 4 correction count to consider
Seems about right. Timing could be off substantially but more confident in the price action.
Comentarios:
regarding the wave-5 in red: At lower time frames I see a small wave-1 one near the start. I choose this count because of the overlap, and its equal length with the initial red wave-1,,... but a expanding ending diagonal can't be ruled out (its just a bit rare). The BIG take is I do not think DXY has reach a top and we do have further upside and risk assets will see continue pressure to the downside. Wave 4's are very tricky and I tend to stay on the sidelines as they progress. Also the markets seem to be in A-B-C correction having nearly completed wave-A up of that correction. (expecting a wave-b to start lower soon) then back up with a wave-c completing the B-wave and this count would correspond to this idea
Comentarios:
An after the the market B-wave (of a higher degree) we are expecting price to reach lower to a new ATL ( corresponding to the final wave -5 of the DXY count above). Just don't know how much time it will take to unfold ...Wave 4's can Stretch out for a long time juts look at GOLD