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DXY is at later stages of wave (B) down, a counter trend ABC pattern after a 5 wave impulse up (A). The next pattern should be a C wave which will bring the index to levels above the March 19 high. In the alternative scenario If wave(B) is not finished yet, the final stop could be between 96.4 to 98 before moving up. to above March 19 high.
DXY is at later stages of wave (B) down, a counter trend ABC pattern after a 5 wave impulse up (A). The next pattern should be a C wave which will bring the index to levels above the March 19 high. In the alternative scenario If wave(B) is not finished yet, the final stop could be between 96.4 to 98 before moving up. to above March 19 high.
Trade closed: target reached:
price reached 100.93 instead of 103. Gains of 2.7% achieved in 10 days
Comment:
that is up to April 7