DXY could be in the last wave of the corrective structure before another big drop.
Current position is wave 4 of c of C of (4).
Short term weakness shouldn't fool you and I expect wave 5 to come and lift the index higher at least to the 91.50
where wave c=a, after that we should be cautious as another big drop would come
It is quite useful to analyse alter-egos (mirror) eurusd/dxy as you can find clues in one instrument, which is not obvious in the other.
I supposed quitting eurusd (see related) as I found the clue in the dollar index.
Current position is wave 4 of c of C of (4).
Short term weakness shouldn't fool you and I expect wave 5 to come and lift the index higher at least to the 91.50
where wave c=a, after that we should be cautious as another big drop would come
It is quite useful to analyse alter-egos (mirror) eurusd/dxy as you can find clues in one instrument, which is not obvious in the other.
I supposed quitting eurusd (see related) as I found the clue in the dollar index.
Nota
invalidation below 90.05
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.