So previously I posted an idea about USD index turning aroun to go down.
But I remembered about wave count, so we had 1st and then corrective wave went down to fib level 0.5, then we had a 3rd wave and now we are in 4th wave, which is heading down to fib leve 0.236.
If this wave count is valid, we can actually expect USD index go back up and this time and test the top of this big rising wedge and maybe even that dark blue line which is a strong support/resitance level in 4h chart.
Good luck!
But I remembered about wave count, so we had 1st and then corrective wave went down to fib level 0.5, then we had a 3rd wave and now we are in 4th wave, which is heading down to fib leve 0.236.
If this wave count is valid, we can actually expect USD index go back up and this time and test the top of this big rising wedge and maybe even that dark blue line which is a strong support/resitance level in 4h chart.
Good luck!
Comment:
Another reason why I believe USD index will go up.
Comment:
Looks promising on 30 min.
Trade closed: target reached:
Top of this wedge is reached, I'm expecting a turnaround soon.
