The odds are in favour of more retracement

ICEUSA:DX1!   U.S. Dollar Index
253 5 3
Since the movement to the upside is most probable the first of a new sequence and most probable the first of a new impulsive movement, the odds are in favour of more retracement.
Then the most probable scenario in my elliott wave theory is that we are in the middle of an expanded flat
The actual up side impulse is the c)) (micro) of the b wave that will be most probable followed by a more longer down side impulse will act as wave c of the entire expanded flat
Good find. Based on a Gann square, It looks to me like it ought to start rolling over within just a bar or two. "When time meets price, things change..."
Not shure definitive ended the fall but as we have lower lows the outlook is considered successful
Great chart! Thank you. Higher yield on $TNX will get FED to act.
7pasos MalteDeepak
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