Hello there, It looks like we are in the final stages of the large WXY correction. We could see some strength within the flag and then another drop. But after that I think we would see a robust upside move in the Dollar Index (DXY).
Very nice chart. I suspect you are exactly correct (lower chart). Note that Y is approaching 1.618*W in the 91 area.
wsbza
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how about an A-B-C flat rather than W-X-Y, the X wave also looks oversized if comparing with your W wave
aibek
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@wsbza, Hi there! Thanks for comment. Made an update. You are right about wave W it was too short. I keep to W-X-Y as it has all features as highilighted in the text boxes below in the update.